Some states trying to fix pension liabilities -- but not going far enough, report says

More retirees than ever are drawing down on their plans, but state revenue has not increased.

Measures taken by states to cut pension liabilities aren’t enough to avoid a crisis, according to a report from Fitch Ratings.

Reuters reports that while Fitch says states including Colorado, Minnesota and Illinois were headed in the right direction financially by taking such actions as cutting public employee retirement benefits and increasing contributions, they didn’t go far enough to stabilize pension obligations and contributions long term.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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Self-funded healthcare is a health plan strategy that offers a number of advantages to employers over fully insured health plans, including new opportunities for cost containment, increased transparency, greater flexibility and more control over health plan design--all of which are reviewed in this guide.

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