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Government Pensions Getting Worse by the Day
State and local governments have enormous unfunded liabilities in the trillions of dollars and pension plans have become the primary vehicles for circumventing their own balanced budget rules according to Simon School Professor Robert Novy-Marx. His recent research on the topic took him to Capitol Hill to testify before Congress. Novy-Marx shared his insight into the government pension crisis at Simon's NYC Conference held on May 19 at the Sentry Center.
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6 videos
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