Underfunding of State and Local Pension Plans
The recent financial crisis and economic recession have left many states and localities with extraordinary budgetary difficulties for the next few years, but structural shortfalls in their pension plans pose a problem that is likely to endure for much longer. This report discusses alternative approaches to assessing the size of those shortfalls and their implications for funding decisions. Figure and table. This is a print on demand edition of an important, hard-to-find report.... the Illinois State Universities Retirement System (at 46 percent), the West Virginia Teachers Retirement System (at 47 percent), the Kentucky Employeesa#39; Retirement System (at 47 percent), the Missouri Department of Transportation and Highway ... In June 2010, GASB expressed preliminary views on potential changes to its guidelines for accounting and reporting issues. ... 157 (September 2006), p. 2.
| Title | : | Underfunding of State and Local Pension Plans |
| Author | : | Frank Russek |
| Publisher | : | DIANE Publishing - 2011-08 |
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