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The Origins and Severity of the Public Pension Crisis

Date Published: 
Monday, February 14, 2011
Center for Economic and Policy Research (February 2011)

With many state governments facing budget shortfalls this year along with dwindling federal assistance, some policy-makers have begun to call for drastic reductions of public sector pensions as a way to ease state budget woes. A new report from the Center for Economic and Policy Research puts this issue into better perspective, clearing up many common misconceptions about these funds.