Retiree health care and other non-pension benefits create another huge bill coming due: a $587 billion total liability to pay for current and future benefits, with only $32 billion—or just over 5 percent of the total cost—funded as of fiscal year 2008. Half of the states account for 95 percent of the liabilities.
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Should public employees earn the same retirement benefits as employees of large private companies? Continue reading
Should public employees earn the same retirement benefits as employees of large private companies? Continue reading