Everyone is well aware, or should be, that the cost of retiring is escalating almost by the minute. There are financial advisors and estate planners who solely focus on enabling us to have a shot at a decent retirement, relatively free of financial concern. Employers in both the public and private sectors are recognizing mammoth liabilities for the pension resources they are holding in trust for their employees. But, are employees all that are going to retire from a state or local government? Is that the only long-term cost that a governmental entity is going to be liable for (above and beyond normal indebtedness)? The answer is obviously no or I would not be writing this post.