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Keyword: statepensionproblems

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  • Nine American States with Sinking Pensions

    10/19/2012 3:24:47 PM PDT · by SeekAndFind · 7 replies
    Wall Street 24X7 ^ | 10/18/2012 | Mike Sauter, Alexander E.M. Hess, Samuel Weigley
    Several years after from the financial crisis of 2008, state pension funds continue to languish. According to data released this week by Milliman, Inc. and by the Pew Center on the States, there was a $859 billion gap between the obligations of the countryÂ’s 100 largest public pension plans and the funding of these pensions. Most of these are state funds, and state legislatures have attempted to respond to this growing crisis by making numerous reforms to try to combat this growing deficit.Read: Nine States with Sinking PensionsIn 2010, only WisconsinÂ’s pension funds were fully funded. Nine states, meanwhile, were...