December 18, 2011
Public pensions in free fall
As the bill to reform Ohio’s five public pension plans crawls through the General Assembly, the need to deal with the unfunded liabilities only gets more urgent.
A study issued this month by The Buckeye Institute for Public Policy Solutions entitled “Hanging By A Thread” places the total unfunded government pension liabilities at $66 billion.
But Ohio isn’t alone in being threatened by this epidemic. An Associated Press survey conducted earlier this year found the 50 states have a combined $690 billion in unfunded liabilities and $418 billion in retiree health-care obligations...
LINK - Vindy.com
