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What’s New in Employment?

The Pension Hole for U.S. Cities & States Is the Size of Japan’s Economy

Government workers face reduced or cancelled pensions as cities and states are hit with financial distress and bankruptcy.   Government leaders are dealing with the difficult choice of solving the problem one of 3 ways: increase taxes, divert funds from pensions, or persuade workers to relinquish money they are owed.  More often than not, it…

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