Other Post-Employment Benefit Liabilities, 6th Edition
Other Post-Employment Liabilities, 6th Edition measures unfunded OPEB liabilities, now totaling over $1.14 trillion, just under $3,500 for every man,…
Read More
Unfunded state pension liabilities total $4.9 trillion or $15,080 for every man, woman and child in the United States. State governments are often obligated, by contract and state constitutional law, to make these pension payments regardless of economic conditions. As these pension payments continue to grow, revenue that would have gone to essential services like public safety and education, or tax relief, goes topaying off these liabilities instead.This year’s Unaccountable and Unaffordable is important because it shows that pension underfunding existed long before COVID-19.
More Publications in this Series
Unaccountable and Unaffordable, 7th Edition
Unfunded state pension liabilities total $6.96 trillion or just under $21,000 for every man, woman, and child in the United…
Read More
State Bonded Obligations, 4th Edition
State governments borrow for a myriad of reasons and issue various types of bonded obligations. Today, their total bonded liabilities…
Read MoreRelated Model Policies
Section A: Addition to current statutes governing state agency duties [Bracketed portions may be adjusted for the needs of each state] Nongovernmental agreements…
(1) Definitions (a) The term “defined benefit pension plan” or “plan” shall mean any plan, fund or program which was heretofore or…
Stability – Government pensions should be secure and safe from high risk assumptions. State and local governments should eliminate incentives to underfund pension commitments,…