online.barrons.com Mar 16, 10 02:25 pm — Promised pensions benefits for public-sector employees represent a massive overhang that threatens the financial future of many cities and states.
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raz-00
Damn near every state is upside down on pensions. The question is how much.
It's time to start moving them over to 403b accounts. They are more resistant to abuse, and don't come with open ended obligations.