Rosy Forecasts Turn Red for Public Pension Funds

Summary


By David Cho

The Washington Post

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Extract


Rosy Forecasts Turn Red for Public Pension Funds

The financial crisis has blown a hole in the rosy forecasts for pension funds that cover teachers, police officers and other government employees, casting into doubt as never before whether these public systems will be able to keep their promises to future generations of retirees.

The upheaval on Wall S...

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