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Winchester Evening Star in Winchester, Virginia

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Newspaper

Winchester Evening Star

Location

Winchester, Virginia, United States of America

Date

Aug 14, 1976

Page

3

Public Pensions Burden on Taxpayers Grows Across U S

The Associated Press reports rising public pension costs threaten city, state, and federal finances. Per capita tax burdens reach about 170 dollars with unfunded liabilities totaling hundreds of billions nationwide and billions more expected in coming years.

Associated Press United States National Taxpayers Union Federa Taxpayers Union Boston Pittsburgh Los Angeles Miami Chicago Atlanta New York City John Naveen & Co Massachusetts Washington Illinois California Wisconsin New York State

Pension Costs Rise As Public Plans Face Strain

A congressional task force reports 6,141 public pension plans covering 15.3 million workers as of 1975. Benefits exceed contributions in many cities with rising costs from longer life spans and early retirements. Federal plans grant the broadest cost of living adjustments, adding to unfunded debt.

Congressional Securities and Exchange Commission Commerce Department Robert Tilove Martin E. Segal Co New York Bernard Jump Syracuse University Detroit Denver New York City Philadelphia Johnson Nixon Washington U.S. Congress Jump Washington, D.C Los Angeles

Also Mentioned on This Page

Texas Georgia New Hampshire U.S Department of Defense Defense Department University of Michigan Rogers Morton President Ford Committee Ford Morton Kansas City Ed Hustead U.S. Civil Service Retirement Plan Ated Press Eagles Club Fraternal Order OF Police Park Oryarly Loutian TOW. Discount Stores Crayola Gillette Cricket Townco DU Pont Orlon Savelle Millwood Pike Winchester
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