But one of the worst-fundedstate pensions was lauded by the Volcker Alliance for its progresson pensions, raising the state's three-year average grade on legacycosts to a C this year.(Photo: Shutterstock)
(Bloomberg) –It's a math test that New Jersey, Illinois, andeven Texas are nearly failing: How to pay for billions of dollarsin unfunded liabilities for public-employee pensions and retiree healthcare.
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