Recently released data from The Pew Charitable Trusts shows the strain on state retirement systems across the nation as state pension funds strive to keep pace with pensions owed to public employees.The color-coded map is pretty clear.
As of fiscal year (FY) 2016 (the most recent data available), states reported a combined $1.4 trillion in state pension plan funding deficits. Below-expected returns on investment and insufficient state allocations contributed to widening shortfalls in numerous states since we reported on the FY 2014 data last year.
Thursday, June 14, 2018
Shocker! California Is In The Bottom Half of States
California is in deep crap regarding its pension programs: