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State Pension Problem
8/10/2017
 
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Update on the State pension crisis. Today State Auditor General Eugene Depasquale gave the results of his audit of the state employer retirement system. The unfunded liability is nearly $20 Billion and growing. He applauded lawmakers for passing legislation this year that will help reduce the problem over time. But he found the funds rate of return is only half of the national average, he recommends reducing the fees the system pays to Wall Street to to help cut costs.
  
 
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