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California, Texas share big pension, retirement liabilities

SEPTEMBER 21, 2015 | by Sheila Weinberg | THE HEARTLAND INSTITUTE

By Sheila Weinberg, Truth in Accounting, includes “One state is known for its Mediterranean climate and cities filled with Hollywood stars and Silicon Valley magnates, while the other state is known for its dry weather and expanses of oil and natural resources buried beneath the ground. California and Texas may not seem to have much in common, but both states have massive amounts of pension debt…”

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