State Pensions Face 'Death Spiral' as Underfunding Grows: Video
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State Pensions Face 'Death Spiral' as Underfunding Grows: Video

Sept. 15 (Bloomberg) -- U.S. state pensions such as Illinois, Kansas and New Jersey are in a "death spiral," with assets at many insufficient to cover benefits, payouts consuming a growing portion of resources and costs rising twice as fast as investment gains. Bloomberg's Monica Bertran reports. (Source: Bloomberg) (Bloomberg)

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