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California doubles down on pension debt — and dares Congress to bail it out

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It never touched the underlying duty of care.

Waiting has a price tag. Congress has already written one pension bailout check. In 2021, it authorized $97 billion in Special Financial Assistance to prop up failing multiemployer union pension plans, and even that money did not close the gap. Roughly $745 billion in unfunded multiemployer promises remain continue reading …

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