A peek into the future?
Prichard, Alabama, was warned it's pension fund would run out, but didn't/couldn't do anything about it, SO, they just stopped sending out checks, cuz there was no money to back them up. http://www.msnbc.msn.com/id/40793765/ns/us_news-the_new_york_times/ Many states and municipalities are watching, as their finances are much the same.
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