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Trouble ahead: unfunded liabilities in state pension funds

MAY 11, 2017 | AMERICAN INSTITUTE FOR ECONOMIC RESEARCH

By Theodore Cangero, includes "At the state level, public pension funds bear significant stress. The gap between the benefits promised to workers and state pension fund assets was $1.1 trillion in 2015: a 17 percent increase from 2014. The gap is known as the net state pension fund liability. State pension funds were well-funded until the early 2000s, but in 2001, the net state pension fund liability began to increase."  

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