The American Empire in a Changing World


Thursday, November 15, 2012

''Study shows $1.2Trillion gap for public pensions''

From Reuters via Marianas Variety

''The largest 100 public pension funds have around $1.2 trillion of unfunded liabilities, about $300 billion above the nearly $900 billion they reported themselves.

The pension systems reported a median funding level of 75.1 percent. The study by the actuarial firm Milliman, which used different ways to value assets and measure liabilities, finds an aggregate level of funding of 67.8 percent.''

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