Saturday, June 29, 2013

Public pension costs swamp revenues of 10 U.S. states

Public pension costs swamp revenues of 10 U.S. states -Moody's | Reuters:
"Ten U.S. states have public pension liabilities that are at least as big as their annual revenues, according to a Moody's Investors Service report released on Thursday that found the Illinois pension bill was equal to 241 percent of its revenues"

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