Monday, April 23, 2018

Pew study says $1.4 trillion in state pension promises currently can't be paid, a new record

From the story here:

The annual report from the Pew Charitable Trusts finds that public worker pension funds with heavy state government involvement owed retirees and current workers $4 trillion as of 2016. They had about $2.6 trillion in assets, creating a gap of about one-third, or a record $1.4 trillion.