Filed Under:Annuities, Fixed Indexed

Most states' pension plans inadequately funded

Twenty-six states fail to meet the funded ratio that Morningstar has deemed to be “fiscally sound.”
Twenty-six states fail to meet the funded ratio that Morningstar has deemed to be “fiscally sound.”

The news of late regarding state and local pension plans has been a tale of woe. Many jurisdictions are under a mountain of debt and struggling to fund their fiscal obligations to retired state employees.

New research from Morningstar indicates just how widespread the problem is at the state level. In a report, “The State of State Pension Plans 2013,” Morningstar indicates that 26 states are failing to adequately fund their pension liabilities.

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Nichole Morford

Nichole Morford
Managing Editor

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