X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

State public pension systems’ unfunded liabilities have grown to $4.7 trillion, up from $4.1 trillion in 2013, giving them a funded ratio of just 36 percent – assuming you accept the calculations of one controversial approach. 

A nonprofit called State Budget Solutions, which has been pushing for state budget reform, arrived at that figure — it’s almost five times as high as the number the states use — by using “data from over 250 state-level defined benefit pension plans holding nearly $2.6 trillion in assets” and applying a different discount rate to the one commonly used to calculate the unfunded status of a pension system. 

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.