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The largest 100 public pension funds have around $1.2 trillion of unfunded liabilities, about $300 billion above the nearly $900 billion they reported themselves, according to a new actuarial study to be released on today.
Why is this happening and what can we do about it?
Read more: http://www.foxbusiness.com/government/2012/10/15/study-public-pensions-underfunded-by-12b/#ixzz29NbpObKe
