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Unfunded liabilities in Alabama’s pension system have increased 500% since 2003

MARCH 7, 2019 | by Daniel Smith | YELLOW HAMMER NEWS (ALABAMA)

An overwhelming majority of economists believe that, without pension reform, states will be forced to resort to austerity budgets, federal bailouts, and/or default. This is especially a concern for Alabama, given that we are already finding it difficult to balance our budget. Many states, including Alabama, have established committees to analyze the health of their state pension system and to explore potential reforms.

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