States face a $1 trillion pension shortfall

The Treasury Secretary explains MyRA: A ‘starter’ retirement account

The U.S. is facing a $ 1 trillion pension shortfall because states aren’t paying enough money into their retirement plans for public workers.

Just 15 states contributed enough into public pension funds in 2014 to both pay retiree benefits and start to pay down their debt, according to a Pew Charitable Trusts report released Wednesday.

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