The American Empire in a Changing World


Thursday, November 15, 2012

''Montana pension shortfall equals $9,700 per household''

From The Missoulian

''Montana faces a troubling situation with its public employee pensions, with shortfalls totaling $3.9 billion, or $9,700 per household, a senior researcher for the Pew Center on the States told a legislative committee Tuesday.

“If Montana does not change how it manages the retirement systems, the pension debt that is owed to current workers will never be paid for under the plan’s assumptions,” Pew’s David Draine told the Legislative Finance Committee.''

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