Thứ Tư, 3 tháng 3, 2010

Top 10 Public Pensions Headed for Collapse

Business Insider's Gregory White offers a rare look at the worst of the public pensions and the folks who run them. Insider's top ten?

Missouri DOT and Highway Patrol - 59.1% Funded


2008 Unfunded Actuarial Accrued Liabilities: $1.2 Billion. Head of Fund: Chair of the Board of Trustees Roger D. Stottlemyre.

Illinois Universities - 58.5% Funded


2008 Unfunded Actuarial Accrued Liabilities: $10.3 Billion. Head of Fund: Chairwoman Carrie Hightman.

Illinois Teachers - 56% Funded


2008 Unfunded Actuarial Accrued Liabilities: $30.2 Billion. Head of Fund: President Christopher A. Koch.

Kentucky ERS - 54.2% Funded


2008 Unfunded Actuarial Accrued Liabilities: $4.9 Billion. Head of Fund: Chair Randy J. Overstreet.

Rhode Island ERS - 53.4% Funded


2008 Unfunded Actuarial Accrued Liabilities: $4.9 Billion. Head of Fund: Rhode Island General Treasurer Frank T. Caprio.

Connecticut SERS - 53.3% Funded


2008 Unfunded Actuarial Accrued Liabilities: $7.5 Billion. Head of Fund: Chairman Peter R. Blum.

Oklahoma Teachers - 50.5% Funded


2008 Unfunded Actuarial Accrued Liabilities: $9.1 Billion. Head of Fund: James R. Wilbanks, Ph D., Executive Secretary.

West Virginia Teachers - 50% Funded


2008 Unfunded Actuarial Accrued Liabilities: $4.1 Billion. Head of Fund: Governor Joe Manchin III.

Illinois SERS - 46.1% Funded


2008 Unfunded Actuarial Accrued Liabilities: $12.8 Billion. Head of Fund: Illinois Comptroller and Chairman Daniel W. Hynes.

Indiana Teachers - 45.1% Funded


2008 Unfunded Actuarial Accrued Liabilities: $10.3 Billion. Head of Fund: Governor Mitch Daniels.

Congratulations, Illinois, you're our big winner: you've made the list three times. Be sure and thank Andy Stern, Wade Rathke and Barack Obama when you see them.


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