gears with pension funds Sponsors of public pensions made cuts to try to salvage their funded ratios, but this may have also hurt recruiting competitiveness. (Photo: Shutterstock)

Cuts to public pensions could be having a negative impact on governments' ability to compete with the private sector in recruiting top workers.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.