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Oct 03
2011 |
Federal Retirement Plans Cost Almost as Much as Social Security |
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Retirement programs for former federal workers — civilian and military — are growing so fast they now face a multitrillion-dollar shortfall nearly as big as Social Security's, a USA TODAY analysis shows. The federal government hasn't set aside money or created a revenue source similar to Social Security's payroll tax to help pay for the benefits, so the retirement costs must be paid every year through taxes and borrowing.
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| Source:http://feeds.abcnews.com/click.phdo?i=69dc50b7d0adbd9e7456130ba85d462f |
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