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Cost of retirees to states - 12/18/2007 3:53:45 AM

Level

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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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RE: Cost of retirees to states - 12/18/2007 5:06:30 AM

SugarMyChurro

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The real crisis is the world's human population. Numbers-wise, the U.S. is actually not a problem in that particular category.

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RE: Cost of retirees to states - 12/18/2007 6:26:07 AM

Alumbrado

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They are following the business model of raiding their own pension plans.

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RE: Cost of retirees to states - 12/18/2007 8:54:29 AM

pahunkboy

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so do these retirees have a "duty" to die?

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RE: Cost of retirees to states - 12/18/2007 10:27:52 AM

Alumbrado

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Give yourself your post of the day award.

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RE: Cost of retirees to states - 12/18/2007 11:45:17 AM

pahunkboy

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quote:

ORIGINAL: Alumbrado

Give yourself your post of the day award.

LMAO!! :-)

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RE: Cost of retirees to states - 12/18/2007 1:30:54 PM

Real0ne

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quote:

ORIGINAL: Alumbrado

Give yourself your post of the day award.

I second that!

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