The Pew foundation recently released its “The Widening Gap: The Great Recession’s Impact on State Pension and Retiree Health Care Costs” document. It reportsd that states have a cumulative retiree and healthcare shortfall of $1.26 trillion. Many other states have not made ongoing contributions at the rate that experts suggests, to get their funds in line with the obligations of those funds, reports 24/7WallSt.
Here, according to 24/7WallSt, are the 10 states with the most serious problems based on the data from the Pew study:
2. Illinois
> Pension Liability: $126 billion
> Percent of Pensions Funded: 51% (lowest)
> 2009 Actuarially Recommended Contribution: $4 billion
> 2009 Actual Contribution: 71% (8th lowest)
1. Kentucky
> Pension Liability: $36 billion
> Percent of Pensions Funded: 58% (4th lowest)
> 2009 Actuarially Recommended Contribution: $965 million
> 2009 Actual Contribution: 58% (3rd lowest)
Watch Streaming Broadcast Live:
LRN.fm
DLive
Live Chat Telegram
Share this page with your friends
on your favorite social network: