WASHINGTON — On the eve of congressional hearings examining whether unfunded pension liabilities could trigger severe fiscal stress for state and local governments, a coalition of 10 groups representing state and local entities said public pensions are not in crisis and are not seeking federal assistance.
The National Conference of State Legislatures, the Government Finance Officers Association, the National Association of State Retirement Administrators, and other groups issued a fact sheet Tuesday, seeking to counter a mounting chorus on Capitol Hill calling for pension reform.
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