Unfunded public pension obligations represent a great challenge for policy makers in the
American states. We posit that a part of pension underfunding relates to the level of public …

Public pensions in the United States face an impending funding crisis in the wake of the
financial crisis and the COVID-19 recession. Many cities and states will struggle to meet …

(National Conference of State Legislatures 2010). 1 These unfunded liabilities represent a
growing economic and budgetary concern for many state and local governments (Brown …

Many state and local pension systems are facing a funding crisis. The average US public
pension plan cannot cover a quarter of its obligations to provide pension benefits to current …

This article provides a review of GASB 67 and 68 literature, focusing on two areas: pension
liability measurement and pension disclosures requirements. The authors searched for …

Corruption exacerbates state pension underfunding through all relevant aspects: a more
generous pension benefit promise, lower actuarially required contributions (ARC), lower …

Despite the widespread adoption and strict enforcement of balanced budget requirements,
US state and local governments have accumulated trillions in unfunded pension liabilities …