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What are the tradeoffs from recommendation

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Given the tremendous pressure post-retirement benefits such as pensions and retiree health care cost are placing on the finances of most state and local governments, what should these entities do to address these liabilities? Should the benefits be restructured, should the benefits be reduced, and/or should states find additional revenues to pay these liabilities as currently owed? What are the tradeoffs from your recommendation(s)?

Reference no: EM132460909

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