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pension word on watch gears Although some states are headed in the right direction financially by taking such actions as cutting public employee retirement benefits and increasing contributions, they didn’t go far enough to stabilize pension obligations and contributions long term, a Fitch report says. (Photo: Shutterstock)

Measures taken by states to cut pension liabilities aren’t enough to avoid a crisis, according to a report from Fitch Ratings.

Marlene Satter

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

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