State Retirement Benefits & the Trillion Dollar Gap.

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Presentation transcript:

State Retirement Benefits & the Trillion Dollar Gap

Tracking the fiscal conditions in the states $1 trillion gap

Tracking the fiscal conditions in the states Laggards in pension funding

Tracking the fiscal conditions in the states 5 percent funded Twenty states had set aside no money for retiree health care and other benefits

General fund spending growth over 10 years SOURCE: National Association of State Budget Officers

Tracking the fiscal conditions in the states Unfunded pension liabilities, FY2008

Tracking the fiscal conditions in the states Unfunded pension liabilities, FY2008

Tracking the fiscal conditions in the states Unfunded pension liabilities, FY2008

Reforms in pensions

Reforms in pensions