Only seven state pension systems can lay claim to a strong 90% funded ratio while at least 21 states manage systems that fall below a "fiscally sound" threshold of 70% funded, Morningstar writes.
Morningstar Digs into State Pensions
NOV 26, 2012 5:07pm ET
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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.
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