The gap between the promises Iowa has made for public employees’ retirement benefits and the money set aside to pay for them has grown to $5.7 billion – a 1,643 percent increase over 11 years, State Auditor David Vaudt said Monday. ….. Danny Homan, president of the American Federation of State, County and Municipal Employees Iowa Council 61, which represents 40,000 public employees, said the “fixes” done in the Legislature in 2010 will take care of any problem with the state employees’ retirement system.
State pension fund shortfall grows - SouthwestIowaNews.com: Local News
Wednesday, February 8, 2012
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