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Chris and I hope that one of the outcomes from our recent dinner will be that we will all seize the opportunity of the recent introductions to continue the various lines of discussion we started at dinner. Part of the driving force behind our dinner was the notion that each of you has a perspective that should be discussed and amplified.

One topic we feel we did not have adequate time to flesh out over the course of the evening is the pending crisis of unfunded liabilities in ent public/ Taft Hartley pension programs. It is our belief that legislation alone will not solve the problem and can only be seen as a temporary fix we will all pay for later. We have heard from several of you individually following the dinner that have expressed in both broad and specific terms potential private sector solutions and suggestions for reform. We do not mean to be presumptuous, but we think a continued conversation that could lead to real and actionable ideas may of benefit those entrusted with their constituents'/ members' pension dollars. At the very least we will all end up with a better understanding of each other's unique perspectives on the problem.

We know you are all busy with the work in front of you on a day to day basis, but if any of you have the time or the inclination we hope that you would share with the group any specific ideas or refer the group to any particular articles or writings of your own that address the issue. We know some of you have already begun your own conversations – if we can in any way facilitate such talks, please let us know. And please feel free to reply "all" with any thoughts on the subject that you would like to share with the group. We look forward to another meeting in the near future.

http://www.pewcenteronthestates.org/report_detail.aspx?id=56695

http://www.gao.gov/new.items/d10708t.pdf

Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
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