Relevant:
- Report: State and Local Governments Have Almost $4 tln Pension Shortfall
- Illinois Admits $83 Billion in Pension Liabilities, $54 Billion in Retiree Health Liabilities, $9 Billion in Current Unpaid Bills; Who is to Blame?
- The Actual Government Deficit Was $1 Trillion Last Year
- New Math Deals Minnesota's Pensions the Biggest Hit in the U.S.
- Illinois pension crisis is worst in the nation
2010-12-24 — blogspot.com
"Pension plans operated by state governments on behalf of their employees are underfunded by an estimated $452 billion according to official reports, with total liabilities of $2.8 trillion and total assets of $2.3 trillion in 2008. However, many economists argue that even these daunting liabilities are understated. "
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