The costs of pensions are exploding, 1.3 billion in 1998-1999, projected for 2013, 6.2 billion - a 476% increase and its only getting worse.I simply continued searching for pension and found no reference to it other than it is a disaster. Why no mention of the Utah plan? As long as New York has employees protecting pensions nothing much else will help. Mish has a more detailed look.
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