Two States, Wildly Different Pension Systems
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California Pension Costs Fuel Growing Anxiety
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Pennsylvania Pensions: From Surplus To A Deep Hole
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Over the past several decades, many states and local governments made pension promises that will be expensive to keep. Now, they're struggling to fund their obligations. iStockphoto.com hide caption

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Pension Woes May Deepen Financial Crisis For States
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The owners of Stuyvesant Town in Manhattan abandoned the property to their creditors in January. The original purchase was funded in part by outside investors, including two state retirement funds. Seth Wenig/AP hide caption

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Gambling To Fix Pensions Can Lead To A Bigger Bind
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