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Wednesday, March 7, 2012

''States Facing 'Sleeping Cancer' in 96% Unfunded Retiree Benefits''

"States haven't financed almost 96 percent of the $627.4 billion they were projected to owe for future retiree benefits in 2010, according to Bloomberg Rankings data. The estimated deficit grew from about 95 percent in 2009 as governors coped with lower general-fund revenue and rising demand for services following the longest recession since the Great Depression."


from bloomberg via sfgate...

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