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Little Hoover Commission --Public Pensions for Retirement Security , February 2011

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Uploaded by on Oct 19, 2011

This report proposes draconian pension reform which include near elimination of all defined Benefit plans, and suggest replacing them with a hybrid model with a smalled DB portion and a greater defined cost component, thus shifting more risk onto beneficiaries. It may be said instead of fixing the problems, it throws out the baby with the bath water.

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