Pew Study Finds States Face $2.73 Trillion Bill for Retire...(pPromises with a Price written by Kather...),Health

Date:12/17/2007

p>Promises with a Price, written by Katherine Barrett and Richard Greene, involved extensive data collection, a thorough analysis of actuarial studies and evaluations, and interviews with experts and individuals knowledgeable about particular states. For the pension systems, the Pew Center on the States examined state annual reports with information over 10 years. Data for this section were obtained from State Comprehensive Annual Financial Reports (CAFR), as well as CAFRs from state pension systems. For non-pension benefits, Pew reviewed CAFRs and the preliminary actuarial assessments completed for most states of their non-pension liabilities over the next 30 years. Several states have not completed their actuarial evaluations. The research was augmented with interviews with actuaries, economists, state controllers, auditors, legislative analysts and other experts in the field.

About Pew

The Pew Charitable Trusts applies the power of knowledge to solve today's most challenging problems. The Pew Center on the States identifies and advances effective policy approaches to critical issues facing states.

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SOURCE The Pew Charitable Trusts Copyright©2007 PR Newswire. All rights reserved

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