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liza0105

(1 post)

5. Funding gap for state retirement benefits over $1 trillion

Reply to SHRED (Original post)

Sat Jun 23, 2012, 01:18 AM

Jun 2012

A new study says that U.S. states are underfunded to pay the retirement benefits of public workers by as much as $1.38 trillion. In fat, the Pew Center for the States report found that, since the Great Recession, the gap has greatly widened between what states say they will pay for public worker pensions and what they have in available funds to do so. As of 2010, state coffers were short about $757 billion.

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Public Pension "reform" [View all] SHRED May 2012 OP

The 'average citizen' probably does realize this, elleng May 2012 #1

And are the same politicians who are foaming at the mouth dana_b May 2012 #2

AND that public employees uniformerly pay in or pay all of their pensions. Unlike CEO's. MichiganVote May 2012 #3

They're also funded mainly by deductions from employees' paychecks, not from public funds. HiPointDem May 2012 #4

Funding gap for state retirement benefits over $1 trillion liza0105 Jun 2012 #5

And your point is? SHRED Jun 2012 #6

Who knows? PETRUS Jun 2012 #7