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Resource ID: #22387
Subject: Pensions
Source: Business Week
Date: 2005-06-15



"Sinkhole" examines how public pensions are drastically underfunded all over the country. In order to meet legal obligations to cover pension funds for teachers, firefighters, police and other public employees, local governments are facing some very tough budgetary decisions. Tax increases, cutting teaching staff and closing libraries are some of the measures being taken.

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