They’re concerned about what kind of hot water you’re in and whether you’re going to come to them with a bailout.

Jeannine Markoe Raymond, of the National Association of State Retirement Administrators, on why Congress is considering legislation that would govern how states and localities calculate their unfunded pension liabilities.

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Jeannine Markoe Raymond, of the National Association of State Retirement Administrators, on why Congress is considering legislation that would govern how states and localities calculate their unfunded pension liabilities.

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Brian Peteritas is a GOVERNING contributor.
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