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Monday July 8th, 2013   •   Posted by K. Lloyd Billingsley at 7:59am PDT   •   6 Comments

Calculating the cost of government is a difficult task but as a general rule the costs will always be higher than taxpayers imagine. A California case shows why this is so. Pension plans, including those in government, include contributions by the employer and the employee. The employee contribution of Susan Muranishi, an administrator in…
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