02/18/2010 - There's a $1 trillion dollar gap between what states have promised their workers in pension benefits and what they've actually set aside to pay those bills.
That's the finding of a newly released report by the Pew Center on the States. States have set aside only $2.35 trillion of the $3.35 trillion they've promised their current and retired workers in pension, healthcare, and other retirement benefits.
According to the report, the gap is due to states' own policy choices and lack of discipline.
To read the full article, "Top Eight States With Worst Pension Woes," visit csmonitor.com.