Games States Play with Underfunded Pensions | Fox Business
Public pension funds across the country are severely underfunded,
threatening the retirement security of government workers and the
wallets of taxpayers.
State Budget Solutions, a non-partisan fiscal watchdog, says the underfunding is more than $4 trillion.
Moreover, states and local governments are playing lots of monkey
shines with their bookkeeping for pension debt, which doesn't appear on
state balance sheets, says Bob Williams, who heads State Budget
Solutions.
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