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Willisms

« Trivia Tidbit of the Day: Part 778 -- 2010 Election Projections. | WILLisms.com | Trivia Tidbit of the Day: Part 780 -- American Regulatory Costs The Size Of Canada's Entire Economy. »

Trivia Tidbit of the Day: Part 779 -- Pensions Out Of Whack.

Really Bad News For Socialists-

Underfunded public pensions are worse than anyone is acknowledging:

* California, the most populous state, has the largest unfunded teacher pension liability: almost $100 billion. * The worst-funded plan in our sample is West Virginia’s, which we estimate to be only 31 percent funded. * Five plans are 75 percent funded or better: teacher-dedicated plans in the District of Columbia, New York State and Washington State and state employee retirement systems in North Carolina and Tennessee that include teachers.

Too many defined benefit plans, as opposed to defined contribution plans:

definedbenefit

Too many promises.

-------------------------------------

Previous Trivia Tidbit: 2010 Looking Bad For Democrats.

Posted by Will Franklin · 15 April 2010 05:28 PM

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