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Steven Malanga: The State Pension Crisis Goes Beyond the Big Blue States

Politicians and fund administrators everywhere wasted the reform potential of an 11-year bull market. Legislators from Illinois and New Jersey provoked an outcry in April when they asked Washington to bail out their failing pension systems. Senate Majority Leader Mitch McConnell offered instead to let states file for bankruptcy. His message:

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Posted: May 29, 2020 Friday 06:34 PM