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I am deeply disturbed about this situation. We have people who are relying on that pension money to survive. Now, it appears that a company/or governmental authority can just willy-nilly cut the pensions of those already receiving them, because that entity did not pay into the pension fund as they should. It appears that many of the pension funds relied on 8% return per year. This is ridiculous. If I recall, the average return for investments has stayed around 5%.

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