New pension liability measure shows states owe trillions

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Published September 7, 2013 4:00am ET
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New pension liability measure shows states owe trillions
Illinois Gov. Pat Quinn answers questions about the state's pension crisis during a press conference in Chicago in June. (AP File) | Scott Eisen

A new assessment of state pension obligations suggests the problem is even worse than it already appears.

How much worse?

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Entitlements Follow the Money Pensions Waste and Fraud Watchdog