Updated Thursday, April 24, 2014 as of 5:50 PM ET
Practice - Retirement Planning
Puerto Rico Pension Fix Shows U.S. Retirement Curbs
by: Michelle Kaske
Thursday, December 26, 2013

(Bloomberg) -- The Puerto Rico legislature’s move to keep the commonwealth’s teacher pension from running out of cash by freezing benefits and raising worker contributions shows how U.S. municipalities are addressing a $1 trillion retirement- funding deficit by reining in once-ironclad promises.

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