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https://www.pewtrusts.org/en/research-and-analysis/issue-bri...

The State Pension Funding Gap: 2017
Overall debt decreases but disparity grows between well-funded and fiscally challenged public worker retirement plans


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Conclusion
Even after nine years of economic recovery, most state pension plans are not equipped to face the next downturn. Policymakers have not taken advantage of strong investment markets to make progress on closing the pension funding gap, which remains at historically high levels as a share of GDP.
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