TITLE

With Full Funding for Now, Worries Focus on the Future

AUTHOR(S)
DeSue, Tedra
PUB. DATE
March 2006
SOURCE
Bond Buyer;3/30/2006, Vol. 355 Issue 32350, Special section p64
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides an overview of the fiscal condition in North Carolina. State officials are concern about whether the current level of state contributions could sustain the pension system over the long term. Several pensions systems of that cover state employees include the Teachers' and State Employees' Retirement System and Local Government Employees' Retirement System. The estimated long-term liability of the state for retiree health care benefits is in excess of $10 billion as of June 30, 2004.
ACCESSION #
20409244

 

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