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The risky business of pension advances
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Apr 30, 2013
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The risky business of pension advances
If you're short on cash, convert tomorrow's pensions checks into cold cash today might sound like the perfect solution. That's the promise a few companies in California and elsewhere are making to retirees, but it's not all it's talked up to be.
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If you're short on cash, convert tomorrow's pensions checks into cold cash today might sound like the perfect solution. That's the promise a few companies in California and elsewhere are making to retirees, but it's not all it's talked up to be.

If you're short on cash, convert tomorrow's pensions checks into cold cash today might sound like the perfect solution. That's the promise a few companies in California and elsewhere are making to retirees, but it's not all it's talked up to be.

For more on these pension advances, we're joined by Jessica Silver-Greenberg, reporter for the New York Times who's investigating this story.