Unfunded Pension Liabilities Have Increased by More Than $900 Billion
According to a report by the American Legislative Exchange Council (ALEC), unfunded state pension liabilities in the U.S. total $5.82 trillion, equivalent to more than $17,000 for every person in the U.S. This represents a $900 billion increase from the council’s last year report. Q1 2021 hedge fund letters, conferences and more The document surveyed more than 290 state-administered public pension plans, listing assets and liabilities within the 2011-2019 period. Unfunded liabilities growing among 10 key statesIn the report, ALEC asserts that the cumulative growth of pension payments is puttin...