Jim Spiotto participated in a roundtable dialogue on underfunded pensions at the Federal Reserve Bank of New York on April 19, organized by the State Budget Crisis Task Force which is co-chaired by Richard Ravitch and Paul Volcker. Forty participants from around the country were invited, including union officials, government officials, economists and lawyers. The discussion will focus on three main topics: (1) the magnitude, variation, and urgency of the problem, (2) the law surrounding pension benefits and systems, and (3) reforms - what is appropriate under what circumstances and what is practical.

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