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With Pension Fund Only 49% Funded, City Of Minot Considering Defined Contribution Plans

With Pension Fund Only 49% Funded, City Of Minot Considering Defined Contribution Plans

All over the country, defined benefits pension plans are crumbling. Public sector plans for state and municipal workers are under water. Federal pension plans are under water. Even Social Security, which is little more than a sort of universal, defined-benefits pension plan is under water. And the fundamental problem with each of those plans is

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