Re: States Face Pressure on Pension Shortfalls
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. Source of article: Funding gap for state retirement benefits over $1 trillion.