The Rise and Fall of Hope and Change

The Rise and Fall of Hope and Change

Alexis de Toqueville

The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money.
Alexis de Tocqueville

The United States Capitol Building

The United States Capitol Building

The Constitutional Convention

The Constitutional Convention

The Continental Congress

The Continental Congress

George Washington at Valley Forge

George Washington at Valley Forge

Friday, March 9, 2012

Diagnosis: Disaster – The $44 Billion Price Tag of State Retiree Health Insurance

From The Illinois Policy Institute:


by Jonathan Ingram
Illinois Policy Institute
March 02, 2012
Illinoisans are beginning to see the dangers of another unfunded liability: free or subsidized health care for retired state workers. The state has promised, in today’s dollars, nearly $44 billion in retiree health benefits to government employees over the next thirty years. Unfortunately, it has not set aside any funds for those future payments. These unfunded liabilities are growing two and a half times faster than state revenues and, if left unreformed, will work in tandem with rising pension costs to dramatically cut government services.

No comments:

Post a Comment