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Public pensions
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Public pensions have been much in the news since the economic downturn began, especially during the last year. The battle in Wisconsin over public employees’ collective bargaining rights and pension plans has been the most publicized, but the same arguments have been occurring across the country. The South Carolina General Assembly has now taken the first step to deal with a $13-billion deficit in the state retirement pension fund, and though it involved difficult decisions on the part of a House subcommittee, it was the right thing to do.

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