Maine Pension Debt 'Someone Elses' Problem'

Summary


Editor's note: This is the second part in a multi-part series about the state's debt to teachers and state employees for their pensions and retiree health care.

By John Christie

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Maine Pension Debt 'Someone Elses' Problem'

Senior Reporter

[copyright]Maine Center for Public Interest Reporting

How does a state of 1.3 million people end up $4.4 billion behind in its payments for just one state program?

It doesn't pay its bills on time, makes promises without knowing the costs, loses money in the stock market and ignores repeated warnings that the debt is getting worse by the year.

The official name of the d...

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