Relevant:
- Public Pension Ponzi Scheme; New York Cities Borrow From Pension Plan to Make Contributions
- Pension crisis about to hit cities and counties
- US Cities Face Half a Trillion Dollars of Pension Deficits
- UPS, Dow, Northrop Grumman Borrow Money to Fund Pension Plans; Massive Lies at CalPERS to Hide Pension Losses
- U.S. cities seek federal help to ease economic crisis
2012-02-28 — nytimes.com
" cities throughout the state, wealthy towns such as Southampton and East Hampton, counties like Nassau and Suffolk, and other public employers like the Westchester Medical Center and the New York Public Library are all managing their rising pension bills by borrowing from the very same $140 billion pension fund to which they owe money."
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