Sentences with phrase «underfunded pension obligations»

The Lone Star State's comptroller reckons its increasingly underfunded pension obligations risk a credit markdown.

... Yet we, as a state, are sanctioning the very thing that this governor said he would never do - underfund your pension obligation.»

Not exact matches

State pension funds, facing a potential multitrillion - dollar shortfall, find themselves in the center of a four - way battle: Employees and retirees expect to be paid their promised benefits; the pension systems have clear obligations but may not have the resources to pay them; politicians are looking for ways to resolve the underfunding and balance the burden among retirees and workers; and state taxpayers, challenged to provide for their own retirements, resent the additional tax load.

State pension funds have been impacted by underfunding of obligations and by the severe economic recession.