US. State Pensions Plans Are In Bad Shape But Reforms Can Help
It’s no secret that state public pension systems across the country are in bad shape. A failure to make required contributions coupled with unrealistic assumptions about investment returns has left many systems severely underfunded. A new report from the American Legislative Exchange Council (ALEC) examines state pension systems from a variety of angles and finds that the view is always the same—looking over a cliff. Any analysis of state pension systems needs to clearly establish a baseline. The ALEC...