City councilman says supporters should be ‘ashamed’
By Ben Carlson
Wednesday, February 6, 2013 at 9:58 am
At least 1,200 state government retirees living in Anderson County are holding their collective breath as the legislature weighs how to fix a pension fund that could be bankrupt four years from now.
The pension system, by some estimates underfunded by as much as $20 billion, is teetering on the brink of solvency and legislators are working on a plan they say could save it for years to come.
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