If these obligations are re-calculated using a discount rate approximating what private pensions are allowed to use, liabilities reach $282.2 billion, a figure that rises to $326.6 billion when current market values are taken into account…Shortfalls in state pensions and retiree health benefits are more than five times the existing state debt.
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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