Retiree Healthcare
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The Widening Gap Update
The gap between the promises states have made for public employees’ retirement benefits and the money they have set aside to pay these bills was at least $1.38 trillion in fiscal year 2010. more
The LATEST
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- Report
- States' Fiscal Health
The Trillion Dollar Gap
States that ignored public sector retirement challenges now face growing bill coming due—bills that may have significant consequences for taxpayers. This report from the Pew Center on the States examined the roots of the problem and how the economic crisis is spurring states into action.
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- Stateline Story
Summary of the Connecticut State of the State Address
Connecticut Governor Jodi Rell, a Republican, focused on ways to create jobs and cut the deficit in a sobering state of the state address Feb. 3. She called out the state's Democratic-controlled legislature for partisan bickering at a time when a devastating economic recession has thrown 94,000 residents out of work and caused a deep fiscal crisis.more -
- Stateline Story
Summary of the Delaware State of the State Address
Delaware Gov. Jack Markell (D) highlighted during his state of the state speech Jan. 20 his administration's efforts to curb state spending and promote jobs, and he promised to do more of the same. more
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- Stateline Story
Price tag for state retiree benefits: $2.73 trillion
States have set aside about $2 trillion to cover the cost of pensions and health insurance promised teachers, police officers and other public-sector workers, but retiree benefits are still underfunded by about $731 billion, a new study released Tuesday (Dec. 18) shows.more -
- Report
- States' Fiscal Health
Promises with a Price
Pew's first 50-state analysis of the long-term costs of public sector retirement benefits found that most states had saved enough to cover about 85 percent of their long-term pension costs, but only three percent of the funds needed for promised retiree health care and other non-pension benefits.
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- Stateline Story
Long-Term Care on States Short List of Priorities
States in 2005 will try to dangle enticements to get baby boomers and senior citizens to sock away money for nursing home and long-term health care costs, thus saving money for states. Look for states to prod Congress to pass a law allowing them to pool Medicaid money with private personal funds to pay for long-term care. More states plan to explore tax breaks for citizens who buy private long-term care insurance. more
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- Stateline Story
States Target Deceased to Recoup Nursing Home Costs
States are leaving no stone unturned in their search for ways to save money in health care not even gravestones. Georgia and Michigan are the last of the 50 states to consider estate recovery plans, in which the state seizes assets from the estates of dead patients who lived in nursing homes on the states tab. more