December 1, 2011
Public Pension Reform: State Lawmakers Urged To Look At Hybrid Plans
At the annual fall forum of the National Conference of State Legislatures, pension reform advocates briefed the nation's state legislators on hybrid pension plans on Thursday, saying there is "nothing more dangerous" to state fiscal health on legislative agendas today.
Lawmakers must address the pension reform issue in the face of rising pension costs, declining pension reserve funds and the current state of the nation's financial markets, they argued.
"The unfunded (pension) liability is somewhere between $1.5 and $3 trillion," said former Pennsylvania Lt. Gov. Mark Singel (D) about the total liability among the 50 states...
LINK - HuffingtonPost.com
