By Latoya Dennis, includes “… The problem of funding health care for retirees is not unique to Wisconsin, according to Sheila Weinberg. She is CEO of Truth in Accounting. It’s a nonprofit organization that aims to help people better understand government finances. Weinberg says a better system would involve more discipline on the part of states.
“As the employee is working, it would be kind of like if you’re going to retire and you want to have $100,000 when you retire to cover your medical benefits you should put a little bit away every single year, and that’s what the state’s should be doing also,” Weinberg says. Weinberg says the states have amassed $584 billion in unfunded liabilities for public workers and retirees. …”
Read the full article on: Milwaukee Public Radio