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Level -> Cost of retirees to states (12/18/2007 3:53:45 AM)
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quote:
Retirement benefits for U.S. public employees could cost states some $2.73 trillion over the next three decades, according to a report released on Tuesday by the Pew Charitable Trusts.
While states have saved about $2 trillion to meet these obligations, their promises to retirees are still underfunded by about $731 billion, the study showed.
The study, which evaluated all 50 states, also found wide variations among state practices, with only a third of states consistently setting aside the amount their actuaries tell them is necessary to cover the cost of long-term benefits.
http://news.yahoo.com/s/nm/20071218/us_nm/states_retirees_dc
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