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Public pensions may be next crisis, PGIM's Hunt says

Pension obligations are a worry as pressure on municipalities and states could intensify in a downturn when local tax revenues decline, says PGIM CEO David Hunt.

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Pension written on dial indicator Pensions for public employees may be at risk. (Photo: Shutterstock)

(Bloomberg) – What’s on the list of concerns for a man who runs a $1.2 trillion asset manager? Swelling shortfalls in U.S. public pensions, according to PGIM Chief Executive Officer David Hunt.

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