Pension Groups Strike Back At SEC Commissioner's Criticism

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Pension Groups Strike Back At SEC Commissioner's Criticism

by Wochit 0:30 mins

Pension Groups Strike Back At SEC Commissioner's Criticism

by Wochit 0:30 mins

Public pension and finance groups are striking back at a member of the U.S. Securities Exchange Commission who said last month that state and local retirement systems mislead people about their true financial conditions. Last month Commissioner Daniel Gallagher said that governments were not appropriately accounting "trillions of dollars in liabilities" in pension benefits promised to workers.

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