Unions gear up for fight to protect public pensions

10/15/2010 | Bloomberg Businessweek

Unfunded state workers' retirement liabilities are approaching $3 trillion across the U.S., and the issue is becoming a political hot button. Unions are ratcheting up their campaigns to protect public-worker retirement funds. "Some of the politicians demagoguing on this issue are losing sight of their moral and legal responsibility," says one union official.

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