Big Pension Costs Also a Burden for Other States

Publication: The Arizona Republic

Author: Craig Harris


11/20/2010 - Arizona has problems with its public-pension systems, but some states have more dire concerns as their pension trusts teeter on the brink of insolvency.

Three states have taken the unusual step of stopping cost-of-living raises for public employees already in retirement, while a few others have required employees to work longer to claim their benefits.

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The Pew Center on the States, a Washington, D.C., non-profit organization that focuses on public policy, released a study earlier this year saying there was a $1 trillion gap between what states have been setting aside to pay for employees' retirement benefits and how much will actually be needed to pay for those benefits in their entirety in the future.

Read the entire article Big Pension Costs Also a Burden for Other States on The Arizona Republic's Web site.

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