https://www.bloomberg.com/graphics/2...unding-ratios/
The collapse is coming soon, not if but when, some states are in better shape than others. The collapse is a mathematical certaint. NJ, IL, CT, and ME will get front row seats to the biggest collapse since maybe the Great Depression. This is what happens in a NATION where CORRUPTION is rampant and the Central Banks push ZIRP and NIRP policies for YEARS. Most of these state pension plans assume an insane 8% year over year rate of return. They are more underfunded than anyone even can fathom.
Should the taxpayers pick up the tab on underfunded pensions or do we tell the retirees, good luck?