In yesterday’s Daily Journal, John Hood discussed North Carolina’s unfunded $30 billion liability toward retired state employees’ health benefits.
Reason Foundation’s policy blog cites a Pew Center study that reports “state pension systems have a combined $1 trillion unfunded liability.”
Reason’s recommendation —–“adopt budget reforms—such as outsourcing/privatization, selling off underutilized assets, and eliminating duplicative, low-priority, or poorly performing programs.” Anyone listening?
