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    State actuary:  billion pension transfer raises odds of future taxpayer bailouts

    (The Center Square) – State pension officials warned Tuesday that a new law allowing the Legislature to pull nearly $4 billion from a retirement plan for first responders will significantly increase the likelihood of future taxpayer bailouts. State lawmakers created the Law Enforcement Officers’ and Firefighters’ Retirement System Plan 1, or LEOFF Plan 1, in […]

    The post State actuary: $4 billion pension transfer raises odds of future taxpayer bailouts appeared first on The Black Chronicle.

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