Wisconsin is one of the few that is fully funded. (Thank you Scott Walker.)
Underfunded state pension funds are no problem for the elites.
The minions they have placed in public office shift tax dollars to keep the funds solvent.
If necessary, they just crank up taxes on taxpayers.
Where are the protests?
Government employees are not receiving their full pensions? And they aren’t out in the streets? Why not?
I like to be sure b4 I send this stuff around
wheres the link at Bloomberg and how old is this stat?
And this doesn’t even try to cover underfunded (or even entirely unfunded) city and county pensions.
Which I have pointed out to my BIL, and for which reason when this comes to a head for him (it absolutely will he is in Fort Worth) I will give him mockery rather than sympathy.
If you work one of those jobs be happy with what you are getting right now. Today. And don’t gibber and cry about the nothing you wind up with down the road. People told you how this would end but you chose to believe whoever would tell you what you wanted to hear.
The biggest problem is they let the government hold their money
One thing I believe is certain:
Federally guaranteed borrowing for Cal, Ill, and NYS.
Gotta keep those 104 evs locked in for Democrats.
Wow. Disappointed in Kansas. We have never had a public pension and don’t even have a private one. Half of our portfolio is in land holdings and the rest in a very conservative portfolio. If we were immortal (in the bio sense) I would be concerned but we should be okay till we die.
How is California not at or near the top of that list? Must be some Moonbeam creative accounting.