public pensions

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April 8, 2013 at 9:28 AM

Public employee retirement systems remain the problem in search of a fix

Judging by the readership stats lots of people took notice of The Seattle Times Sunday story about medical benefits for retired public employees.

The heart of the matter is laid out in the fourth graph of the story:

“While local governments around the country have dealt with debilitating budget problems in recent years, a Washington state retirement system created decades ago for now-veteran public servants has added particularly daunting burdens for some jurisdictions.”

(more…)

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