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If COLA's are the driving force behind the unfunded liability and COLA'S need to be frozen then the municipal plan is in good shape since there has not been 1 since 2009. An example of thenegative spin could be the retiree heathcare number. Merolla said it's $400 million, Reality said over $300 million and I think the Beacon had it at $250 million. Not sure what the real number is but observing Merolla I know his figure is wrong. That type of intentional number inflation gives rise to the negative spin she's referring to.
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