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Unfunded Benefits Dig States' $3 Trillion Hole: Orin S. Kramer
Excerpt: Hidden behind accounting fictions, the politically unspeakable reality is that public employee pension systems are under-funded by more than $2 trillion. Add more than $1 trillion in unfunded health-care benefits for retired public employees, and state governments face protracted structural deficits ranging from challenging to insurmountable. Posted by: Uncle Phester 2010-01-22 |
| http://www.rantburg.com/poparticle.php?ID=288543 |