The Advocate Capital News Bureau,  February 27, 2009

The spending of pension dollars by government retirees supported significant economic growth in Louisiana, according to a report released Thursday by the National Institute on Retirement Security.  Beth Almeida, executive director of the institute, said defined benefit pensions — where the retirement benefit lasts a lifetime — allow retirees to maintain spending on basic needs, which in turn has a positive effect on the greater economy.

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