Unfunded State pension liabilities increase to $1.3 trillion
Sep 15th 2017, 5:16 pm
#1
Lost in BE Cyberspace
Thread Starter
Joined: Jul 2008
Location: Portlandia Metro
Posts: 7,425
Unfunded State pension liabilities increase to $1.3 trillion
This problem just keeps getting worse. Will there ever be a fix?
U.S. state unfunded pension liabilities hit $1.3 trillion in fiscal 2016, a $56 billion or 4.5 percent increase over the previous fiscal year, Moody’s Investors Service reported on Wednesday.
https://www.reuters.com/article/usa-...-idUSL2N1LU1US
I'm sure many individuals have under funded / under performing pensions, but it is tough cookies for those people.
U.S. state unfunded pension liabilities hit $1.3 trillion in fiscal 2016, a $56 billion or 4.5 percent increase over the previous fiscal year, Moody’s Investors Service reported on Wednesday.
https://www.reuters.com/article/usa-...-idUSL2N1LU1US
I'm sure many individuals have under funded / under performing pensions, but it is tough cookies for those people.
Last edited by mrken30; Sep 15th 2017 at 5:25 pm.
Sep 15th 2017, 5:43 pm
#2
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,446
Re: Unfunded State pension liabilities increase to $1.3 trillion
I see that NC has unfunded liabilities of 23% of total pension costs. 
Unfortunately (for all other states), that puts NC at the head of the class, for "best" performance"!
Unfortunately (for all other states), that puts NC at the head of the class, for "best" performance"!
Sep 15th 2017, 5:46 pm
#3
Lost in BE Cyberspace
Thread Starter
Joined: Jul 2008
Location: Portlandia Metro
Posts: 7,425
Re: Unfunded State pension liabilities increase to $1.3 trillion
Does NC have any smart plans on how to address the deficit apart from trying to increase taxation?
Sep 15th 2017, 5:48 pm
#4
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,446
Re: Unfunded State pension liabilities increase to $1.3 trillion
I suspect that the hope is that economic growth will exceed growth of the state payrolls, leading to increased tax income without increasing tax rates. And the way the state is growing, there's a good chance that growth will take care of a substantial chunk of the problem.
Last edited by Pulaski; Sep 15th 2017 at 5:50 pm.
