The poor annual investing results announced in mid-July by three large, closely watched public-employee retirement funds in California and New York signal that public pension funds are counting on unrealistic returns to meet obligations to retirees. Local taxpayers in cities and states throughout the nation will be required to make up the difference as gaps [...]
Source: http://idahobusinessreview.com/2012/08/29/aarp-communications-director-moving-east/
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