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Reforms needed to rein in debt

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Juneau, Dan.jpg

Gov. Bobby Jindal recently revealed his legislative package to revamp the way Louisiana funds its state retirement plans. His proposals aim to tackle accumulated unfunded pension debt that began accruing back in 1936 with the creation of the teachers’ retirement system. Eventually, additional systems were established, including those for state police, school employees and rank-and-file state workers.

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