Secret Fine Print Lets Wall Street Enrich Itself With Retirees' Savings

Secret Fine Print Lets Wall Street Enrich Itself With Retirees' Savings

Diane Bucci and her fellow retired Rhode Island schoolteachers were angry about a deal last year to cut their promised retirement benefits. For 28 years, the elementary school teacher devoted between 7 and 9 percent of her paycheck to the state’s pension system.

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