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Report: Maryland, Virginia pension underfunding 'cause for serious concern'

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Maryland has one of the worst-funded pension systems in the country, with its retirement and health liabilities growing to $71 billion, after lawmakers paid less into the system than what was owed for years, according to a new report. The state's funding level ranked worse than just 11 other states in 2010, as Maryland had paid only 64 percent of what it owed to retirees in pension...