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Scary Pension Liability Statistic

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    NEWSLETTERS

    By GENE CUBBISON

    Here's a scary statistic: By 2014, there will be $10,000 in pension liability per working-age Californian, according to a new study of California's pension crisis from the Milken Institute.

    The report talks not merely about financial liabilities from pension, but also about the context (an aging population, economic changes) that may make the pension problem so difficult to solve.

    You can read it for yourself here.