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shortfall

Federation Faces Underfunded Pension

Faced with a pension shortfall of $20 million, the organized Jewish community\’s largest philanthropy finds itself forced to divert millions of donor dollars to employee retirement benefits, rather than to needed social services.

Center Construction Moves Ahead Despite Shortfall

\”We\’re moving ahead as originally scheduled,\” said Ralph Stern, of Tustin, who is leading fundraising. In a communitywide appeal in May 2002, he promised a fiscally conservative stance: construction would start when financial goals were met.

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