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Searching for: researcher is "pew charitable trusts’ centre"

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States face $2.73 trillion bill for retiree benefits
States face $2.73 trillion bill for retiree benefits
Pew Charitable Trusts’ Centre
18 Dec 2007 United States Pensioners & Retirement, Long-term Care, Funding and Minimum Funding Requirement, Countries - US
States have promised at least $2.73 trillion in pension, health care and other retirement benefits for public employees over the next three decades, according to a report released by the Pew Charitable Trusts’ Centre on the States. "Promises with a Price", the first 50-state analysis of its kind, finds that states have saved enough to cover about 85% of their long-term pension costs, but only 3% of the funds needed for promised retiree health care and other non-pension benefits. States already have set aside about $2 trillion to meet their long-term obligations, but they still need to come up with about $731 billion - a conservative figure that does not include all costs for teachers and local government employees.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Dec 2007 or click here (this link will not work in all circumstances). For further information about Perspective click here.

7A402364   Click here to contact the authors.

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