Correction: Pension Shortfall

AP News
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Posted: May 10, 2011 6:54 PM
Correction: Pension Shortfall

In an April 26 story about a Pew Center on the States study of states' preparedness to pay future pension obligations, The Associated Press erroneously reported that states needed to contribute $115 billion to keep from falling further behind, but they provided only $73 billion. The study actually found the states needed to contribute $68 billion to their pension systems but provided only $56.3 billion. The larger figures included both pension costs and retiree health care.