Hidden Pension Fiasco May Foment Another $1 Trillion Bailout
David Evans, Bloomberg: "The Chicago Transit Authority retirement plan had a $1.5 billion hole in its stash of assets in 2007. At the height of a four-year bull market, it didn't have enough cash on hand to pay its retirees through 2013, meaning it was underfunded to the tune of 62 percent."
http://www.truthout.org/030509LA
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http://www.truthout.org/030509LA
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rudkla - 6. Mär, 09:28
