The American Empire in a Changing World


Thursday, November 15, 2012

''Public pension funds face vast shortfall''

From Market Watch

''If you are among the more than 27 million current or former state or local government workers in this country, it might be time to contemplate how to generate some extra income or cut costs to meet your living expenses. That’s because a small but growing number of the nearly 3,418 state and local pension plan systems are starting to make big changes to address a $1.4 trillion shortfall.''

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