Jason Mercier, Director, Center for Government Reform, December, 2010
The Seattle Times published this column on December 8, 2010.
A pension-debt tsunami is threatening states across the country. According to the Pew Center, states are facing nearly $1 trillion in unfunded pension liabilities including retiree health-care costs. While our situation is not as bleak as it is in some states, Washington nevertheless faces significant pension pressures that must be addressed.