States Face Large Liabilities for Pensions, Retiree Health

U.S. states face a combined total of $689.5 billion in unfunded pension liabilities and an additional $418 billion in retiree health care obligations, according to an Associated Press analysis. The analysis notes that states with the highest per capita number of Medicaid beneficiaries were among those with the largest budget deficits.

• "AP Numbers Show States' Budget Challenges Differ" (McCaffrey/Schelzig, AP/San Francisco Chronicle, 6/13).
• "Report: States Deep in Debt, Too" (Epstein, Politico, 6/13).