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Pension Funds Could Become 401Ks As States Look For Options

Pension Funds

First Posted: 02/28/11 05:43 PM ET Updated: 05/25/11 07:35 PM ET

Lawmakers and governors in many states, faced with huge shortfalls in employee pension funds, are turning to a strategy that a lot of private companies adopted years ago: moving workers away from guaranteed pension plans and toward 401(k)-type retirement savings plans.

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Filed by Ryan McCarthy  |