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Don't mess with public pensions. Unless, that is, you wantsmall towns and rural communities to suffer. That could be one wayto interpret some of the findings of a report from the National Institute onRetirement Security.
The report reveals that not only do such communities experiencean outsized benefit from those pensions, compared to major citiesand metropolitan areas, but those same dollars also make up"significant amounts" of the total personal income of therecipients themselves.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
