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May 25, 2018

Public pension funds could run dry

CHERRY HILL, N.J. (AP) — A new study has more bad news about public pension funds, finding some are at risk of running dry in a slowing economy.

In a report released Thursday, researchers at The Pew Charitable Trusts say Kentucky and New Jersey are the most vulnerable based on tests of various market conditions. Pew ran its so-called stress test for the pension funds in 10 states.


 
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