Friday, July 24, 2009

Governments have to get real about retirement benefit costs - Newsday

Governments have to get real about retirement benefit costs
"General Motors may not be the only employer to go broke trying to pay for the health care benefits of its workers. New York's taxpayers could be next.
Nationwide, the liability for all the benefits promised retired state workers is $558 billion, according to a report released last week by the Center for State and Local Government Excellence."

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