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Pensions / Retirement #791538

ABC Evening News for Sunday, May 22, 2005
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(Studio: Kate Snow) National Assn. of State Retirement Administrators statistics on public pension funds cited.

(Charleston, West Virginia: Geoff Morrell) The problem of the gap at the state level between pension fund assets & benefits owed retirees examined; details given about the debt in the West Virginia teacher's retirement plan. [Retired teacher Ellen ALLMAN†- worries about money; expresses disappointment.] [West Virginia Governor Joe MANCHIN - says we need to take care of our liabilities.] [American Shareholders Assn. Dan CLIFTON†- calls it an "impending train wreck."] [Public pension analyst Keith BRAINARD†- comments on the system.]

Snow, Kate;
Morrell, Geoff

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