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Pensions in The Memphis News and WSJ

Memphis and Shelby County are not the only governments, by far, struggling to rein in the cost of retirement benefits promised to thousands of workers – benefits that, by law, can’t be changed.

On Saturday, the same day this week’s Memphis News cover story on pensions hit local newsstands, the Wall Street Journal published a look at a growing number of states switching to hybrid pensions that pay some of their benefits from a 401k-type plan.

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