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Pensions Posing Problems In Government Plans
In Philadelphia AP report actuaries say excessive benefits and inflation rules push the civil service system toward insolvency. Costs are rising with living costs and automatic increases. If funded similarly, military and state plans could imply a national pension deficit of 100 to 150 billion yearly.
MENTIONED IN THIS ARTICLE
Philadelphia
Jimmy Carter
Beers
To Forster and Crosby
Rec Beerse
Ace
Aia
Actuaries
Civil Service Commission
Commission
Civil Service Plan