Looming Pension Liability Worries Washington State Officials

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Looming Pension Liability Worries Washington State Officials
SEATTLEPI.COM

Jan. 21, 2010

Excerpt: Two of the retirement plans the state administers are deemed 'at risk.' They are plans that cover older teachers and public employees (Teachers' Retirement System Plan 1 and Public Employees Retirement Systems Plan 1). They are funded at 77 percent and 72 percent, respectively. Other state plans, including those that cover people working now, are funded at above 100 percent but the Office of the State Actuary warns the bad economy will put pressure on those plans, too.

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