Not exact matches
U.S.
public pension funds were facing
shortfalls of nearly $ 4 trillion at last count, as fewer millennials contribute and more boomers draw benefits.
Despite healthy gains from the ongoing stock market rally,
public pension funds are still badly underfunded and the
shortfall continues to widen.
This article from the LA times states that just two
public pensions, there are 130 of them, have approximately $ 120 billion in
shortfalls, although those are probably the largest.
Pension plans across the nation are facing
shortfalls, with both corporate plans and those for
public employees like teachers and firefighters owing more to retirees than the investment funds can possibly pay.
The comptroller is the sole trustee of a $ 184 billion
pension fund for more than 1 million
public workers and retirees, with the taxpayers on the line to cover
shortfalls.
Public pension systems have received a lot of bad press based largely on
shortfalls in funding brought about by political mismanagement and a bad economy.
Teacher
pensions are one important part of the more than $ 1 trillion
shortfall states face today for
public sector
pensions and benefits such as health care.
However, they can also be relevant if you have one of those
public sector
pensions where responsibility for the
shortfall is split between the employer and employees who are still working.