Pension funding is a hot topic in the political world. Retirees who have worked their entire lives end up retiring with very little to their name or have a very difficult time accessing their funds. These problems vary from state to state, with underfunded pensions accounting for the worst.
Many states promise a certain amount for public employee retirement benefits, but don’t deliver in the end. According to this post from State Budget Solutions, last year’s unfunded pensions reached an all-time high of $4.7 trillion. This funding gap is affecting every state, but for some it hits harder than others.
Let’s take a look at some of states with the most underfunded pensions, according to Bloomberg.com.
Read more at the source link below.