California, Illinois on Brink of Pension Crisis; New Actuarial Rules Will Force States to Admit Problems
June 13, 2013
Many states, especially California and Illinois, have had severe pension underfunding problems for many years. However, new actuarial pension rules will finally force states to admit the problem. Thus, it should not be surprising that talk of “technical bankruptcy” and “service insolvency” is growing.
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California, Illinois on Brink of Pension Crisis; New Actuarial Rules Will Force States to Admit Problems
California, Illinois on Brink of Pension Crisis; New Actuarial Rules Will Force States to Admit Problems
June 13, 2013 Many states, especially California and Illinois, have had severe pension underfunding problems for many years. However, new actuarial pension rules will finally force states to admit the problem. Thus, it should not be surprising that talk of “technical bankruptcy” and “service insolvency” is growing.
View article:
California, Illinois on Brink of Pension Crisis; New Actuarial Rules Will Force States to Admit Problems