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Cogent: 80% Of US Pensions Underfunded

By Implode-Explode Heavy Industries

``About 54 percent of public pensions say their current funding status is below 80 percent of what is necessary to meet their obligations, and 16 percent of the pensions are below 60 percent of what they?ll need, according to Cogent?s ?Institutional Investor Brandscape? study.''

Full post as published by Mortgage Lender Implode-o-Meter on February 27, 2011 (boomark / email).