States face $2.73 trln bill for retirees: study
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Retirement benefits for U.S. public employees could cost states some $2.73 trillion over the next three decades, according to a report released on Tuesday by the Pew Charitable Trusts.
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THE PROBLEM: Social Security faces a &#36;3.7 trillion shortfall over 75 years.
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Senate Democrats will move to add to a $150 billion economic stimulus package rebates for senior citizens living off Social Security and an extension of unemployment benefits, setting up a clash with the White House and House leaders who are pushing a narrower package.
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As many of the nationâs largest employers struggle to control rising retiree health costs, they are asking their retirees to pay more and plan to do so again in 2005, according to new survey results.
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WASHINGTON - The agency protecting pensions of more than 44 million Americans Monday reported a deficit of $23.3 billion, more than double last year&#39;s record-shattering $11.
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The long-term economic health of the United States is threatened by $53 trillion in government debts and liabilities that start to come due in four years when baby boomers begin to retire.
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The welfare rolls aren't dropping as fast as they used to, and that could pose a big money problem for states from coast to coast after a new federal law takes effect next month.
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A bill to raise California&#39;s minimum wage to $7.75 an hour over the next two years is headed to Gov. Arnold Schwarzenegger, providing a major test of his pledge to reject
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Retirees for a third straight year are paying double-digit increases for healthcare coverage through their former employers, which are shifting a greater
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New Jerseyâs budget shortfall for retiree health care appears to be the biggest obligation among states that complied with a new accounting rule.
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SAN FRANCISCO (CBS.MW) -- Despite absorbing three straight years of double-digit increases in retiree health-care costs, more than half of employers that offer retiree health and drug coverage plan to keep it when the Medicare prescription drug benefit
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States will be issuing bonds to cover unfunded retiree obligations. When that happens, buy.
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Bill would speed rebates to most taxpayers, including disabled veterans and the elderly.
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The federal agency that insures workers&#39; pensions said Monday that its deficit forsingle-employer programs doubled to a record $23.3 billion, prompting renewed hand-wringing on Capitol
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Money is running out for some local governments who use pension funds to help pay for retired workersâ health care.
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California&#39;s two state pensions, with $292 billion in combined assets, would be replaced with 401(k)-type plans under a proposal by a state lawmaker who vows to hold a
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Retirees for a third straight year are paying double-digit increases for healthcare coverage through their former employers, which are shifting a greater share of the cost to new retirees, according to a study released yesterday.