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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 benefits,...

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