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What some readers might not realize is unfunded liabilities are a huge problem all across the United States. California, for example, has the highest unfunded liability hovering close to a TRILLION dollars. WA, CT, MA, TX I believe top off the top 5 worst unfunded pensions systems in the US.

Arlene Violet wrote a good article on our unfunded pension liabilities here: http://www.valleybreeze.com/2019-05-08/north-providence/arlene-violet-pension-liabilities-will-swamp-rhode-island#.XWBIbEJ7mtg

The biggest problem I have with our city council is that good citizens have been screaming, literally screaming, consistently for almost 10 years about this financial crisis. Those long standing council members (and a recently elected mayor) have known about this problem for a decade or longer and and have - done - nothing.

From: 'Elephant in the room': Council members eye legislation to rein in pension, retiree health costs

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