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Tomorrow's pensions put pressure on today's needs

By Richard Borreca

POSTED: 01:30 a.m. HST, Mar 08, 2013

~~<p>Since taking office in 2010, Gov. Neil Abercrombie has been consistent in his fears that the money the state owes to state pension holders will cause a calamity.</p>
<p>The state has alternately not put away enough money or borrowed from the pension to the extent that now Hawaii is more than $20 billion out of whack. First there is $8 billion owed the retirement fund and then a gasp-inducing $14 billion in estimated medical care benefits.</p>
~~

Since taking office in 2010, Gov. Neil Abercrombie has been consistent in his fears that the money the state owes to state pension holders will cause a calamity.

The state has alternately not put away enough money or borrowed from the pension to the extent that now Hawaii is more than $20 billion out of whack. First there is $8 billion owed the retirement fund and then a gasp-inducing $14 billion in estimated medical care benefits. Login for more...



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