PEW Study Shows Trillion Dollar State Pension Gap

http://globaleconomicanalysis.blogspot.com/2010/02/pew-study-shows-trillion-dollar-state.html


Key FindingsIn eight states—Connecticut, Illinois, Kansas, Kentucky, Massachusetts, Oklahoma, Rhode Island and West Virginia—more than one-third of the total liability was unfunded.Two states had less than 60 percent of the necessary assets on hand to meet their long-term pension obligations: Illinois and Kansas. Illinois was in the worst shape of any state, with a funding level of 54 percent and an unfunded liability of more than $54 billion.


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