Big Benefits Bill Looms
By Tom Shoop | Thursday, May 18, 2006 | 11:52 AM
By Tom Shoop | Thursday, May 18, 2006 | 11:52 AM
Taxpayers are about to get hit by a very large bill for health benefits for retired public servants. The federal government has a $2.3 trillion liability for medical and disability benefits promised to civil servants and military personnel after they retire, USA Today reports. On top of that, the cost of future health benefits for state and local employees could top $1 trillion.
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Government Executive Editor Tom Shoop takes a look at news and events affecting the federal bureaucracy, from the perspective of a longtime observer of government.
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