This page is used to communicate important updates. It is also used to relay related news stories about issues facing our pension plan and other public safety DB plans.

Text generator

Monday, January 23, 2012

Congress's Six-Figure Benefits Add to $674 Bil.lion Pension Gap

Congress's Six-Figure Benefits Add to $674 Bil.lion Pension Gap
"The federal retirement system has emerged as a cost-cutting target as the government faces a budget deficit exceeding $1 tril.lion. A 2010 Congressional Research Service study reported that U.S. government pension programs had a shortfall of $674.2 bil.lion, mostly due to insufficient funding for workers hired before 1984." (Bloomberg L.P.)

0 comments: