Not exact matches
States have not paid for
pension costs on an honest accounting basis, and they have
accrued billions of dollars in
pension debt that avoids so - called «balanced budget» requirements.
Pension plans, on the other hand, can and do
accrue large
debts.
Alaska is a unique case in that it officially closed its
pension plan in 2006, but it is still paying off large
accrued debts.
One huge problem it pointed out is the lack of susatianabilty with many plans, as in 2014 the
accrued teacher
pension debt in the United States was $ 499 billion.