Americas state-run retirement systems are in trouble about $1 trillion worth of trouble.
In 2013, states had a $968 billion shortfall up $54 billion from the prior year between the pension benefits that were promised to employees and what was actually saved to make those payments, according to a recent report by Pew Charitable Trusts. The gap surpasses $1 trillion when shortfalls in local pension systems are included, the report says.
Register or login for access to this item and much more
All Employee Benefit Adviser content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access