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Connecticut Comes Up Billions Short When It Comes To Pension Funds

FAIRFIELD COUNTY, Conn. -- Connecticut has America's richest population, but it is in danger of being unable to pay future pensions for its employees, according to The Wall Street Journal.

Connecticut may be unable to fund pensions

Connecticut may be unable to fund pensions

Photo Credit: Connecticut General Assembly

Over the past 10 years, Connecticut's underfunded pension obligations has doubled to $26 billion due to inadequate state contributions, poor investments,and longer lifespans for its retirees, according to The Wall Street Journal.

Many investors are avoiding state bonds because of Connecticut's pension deficit. While financial analysts worry that Connecticut will fail to pay its retirees, others believe the deficit can be made up over time, The Wall Street Journal reported.

The full story is at this website.

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