The governor's plan is to reduce payments to the various pension systems by $850 million next year, while extending by seven years the time it will take to pay off $134 billion in unfunded
Since the Pension Standards Act (1985) has limited rules related to unfunded
liabilities, such failures may warrant revisiting.
They inherited the state's existing level of total bonded indebtedness, which was $3.8 billion on June 30, 2011, and the existing unfunded
pension liability at PERS, which was $12.3 billion.
pension liabilities make up a large chunk of a U.S.
"This PS3m bridges a gap between grassroots and elite funding, and will help sports grow and develop future champions." With popular sports such as basketball, badminton and table tennis all currently unfunded
by UK Sport, many within the British sports system have argued it is time to ditch the narrow focus on medals and think more widely about economic and social impact.
The recently enacted restriction of federal deductions for state and local taxes (SALT) to $10,000 (including local property and sales taxes, as well as local income taxes) will have an especially large impact on states that have large unfunded
liabilities for pension benefits and retiree health care, according to Brookings.
Sylvia Garcia, D-Houston, cleared the lower chamber in a 91-43 vote following a debate among lawmakers over whether the bill would force an unfunded
mandate on schools.
'The SSS, like most defined-benefit social security schemes, is faced with the reality of a less-than-ideal actuarial fund life, and a considerable level of unfunded
Bank Leumi (TASE: LUMI) has been given a concession by Israel's central bank in calculating liabilities for employees entitled to unfunded
To get a picture of the health of these systems, we examine trends for each state from 2003 to 2013 in four key pension fund status indicators--actuarial accrued liabilities and assets, funded ratios, unfunded
actuarial accrued liabilities, and annual required contributions.
Not surprisingly, unfunded
pensions at the state and local level have become a critical public policy issue, so are worthy of closer scrutiny than they have thus far been afforded.