Thursday, June 14, 2018

Shocker! California Is In The Bottom Half of States

California is in deep crap regarding its pension programs:
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.

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.
The color-coded map is pretty clear.


Steve USMA '85 said...

Your last comment about being pretty clear, isn't. I was expecting a chart that fell along Red/Blue states but that isn't the case. NY is 4th best, not a very Red state if I recall correct. Kentucky at #49 isn't very Blue.

So what was your pretty clear point? Not trolling, just not clear what I should be clear about.

Darren said...

I meant that it's easy to read, nothing more.