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Are pensions going like gangbusters or headed down the drain? It seems every day brings different news. Today, apparently it´s somewhere in the middle, at least for public plans. A new report from the Government Accountability Office finds that overall the nation´s state and local DB plans are “reasonably sound.”
The plans “have enough invested resources set aside to pay for the benefits they are scheduled to pay over the next several decades,” the report reads. Sounds pretty good.
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