IN THE NEWS
Study: Some public pension funds could run dry in downturn

MAY 25, 2018 | ASSOCIATED PRESS

CHERRY HILL, N.J. (AP) — Many pension funds for public workers already owe far more in retirement benefits than they have in the bank, and the problem will only grow worse if the economy slows down, according to a report released Thursday.

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Which will be the US ‘Italy?’ California, New Jersey or Illinois?

MAY 25, 2018 | FINANCIAL TIMES

If you believe the bond rating agencies or the states’ underwriters, there is no need to read further.

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