Moody’s: State Pension Liabilities Hit $1.3 Trillion

From Thomson Reuters – Re-Blogged From Newsmax

U.S. state unfunded pension liabilities hit $1.3 trillion in fiscal 2016, a $56 billion or 4.5 percent increase over the previous fiscal year, Moody’s Investors Service reported.

 The credit rating agency attributed the higher adjusted net pension liability for the 50 states to underperforming investment returns, low interest rates and insufficient contributions to retirement systems for government workers.
Image: Moody's: State Pension Liabilities Hit $1.3 Trillion