Retiree Health Care Costs
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The LATEST
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- Stateline Story
Summary of the Michigan State of the State Address
Michigan Gov. Jennifer Granholm (D) urged state lawmakers in her state of the state address Feb. 3 to fix a budget process that has twice in the last three years shut down Michigan government.more -
- Stateline Story
Stimulus to Ease, Not Fix, State Budget Woes
Exactly how much each state will get from the $787 billion economic package that President Obama is expected to sign shortly will vary widely, but the infusion of federal dollars still won't plug the gaping holes in many state budgets.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
State Workers Retirement Reached All-Time High Before Attacks
State pension funds reached at an all-time high in 2000, but that was before the economic aftershocks of Sept. 11. Investment holdings of state government employee retirement systems reached $1.8 trillion last year, up from $1.6 trillion in 1999, according to the U.S. Census Bureau. Since the terrorist attacks of Sept. 11, however, some state funds have reported drops of between 5 and 10 percent in value. more