Nationwide Unfunded Pension Liability Now up to $4.6 Trillion
About a month ago, I presented a comparison of estimates for the nation’s public-sector pension problem. While none of the results were encouraging, there was huge variation in the degree of frightfulness — the difference mainly being in the way in which they calculate liabilities.
One of the economists, Andrew Biggs, of the American Enterprise Institute, has updated his findings for State Budget Solutions, bringing the highest unfunded liability estimate currently on the table to $4.6 trillion.
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