Steep Losses Pose Crisis for PensionsTwo Bad Choices for Funds: Cut Benefits Or Take Greater Risks to Rebuild Assets

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Published in The Washington Post October 11, 2009 By David Cho

The financial crisis has blown a hole in the rosy forecasts of pension funds that cover teachers, police officers and other government employees, casting into doubt as never before whether these public systems will be able to keep their promises to future generations of retirees.

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