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  • For 2010, the amount required was about $2.5 billion, but just $150 million was budgeted. ???There was just not money to go around for everything,??? said Beaver.Investment Return Assumptions[Mish Comment: It is interesting to note that many of the states in deepest trouble, including Illinois, have the highest pension plan assumptions.]Promises Hard To Take AwayOnce a state promises a retirement
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