Editorial: Pension and Health Care

Many states struggle to meet pension and health care obligations to their retired workers.

Alabama has established trust funds to pay for public retirees' future health benefits.

We will vote Tuesday to write into the state constitution a guarantee that the money invested in these trusts for retired state workers and teachers can't be spent for anything else.

We will also vote on an amendment allowing the state to borrow an extra $400 million for incentives to attract new industry and more jobs. The current borrowing limit is $350 million.

Alabama's business recruitment successes rival any in the nation in part because of these incentives.

A YES vote on both amendments will benefit all of us.

It will help keep the state's bond rating one of the highest in the nation - saving Alabama taxpayers money.