Unfunded Liabilities A Ticking Time Bomb

The list is long - Chicago, New York, Boston, Detroit Los Angeles, etc. Unfunded pension liabilities are hardly a regional problem. It’s a nationwide epidemic that must be met with additional liquidity, quantitative easing part two (QE2), to prevent the FASB assisted, marked-to-model derivatives within the pension funds from imploding.

At $3.4 billion, the unfunded pension liability in Milwaukee is $14,853 per household. Without major changes, the system will not be able to make scheduled payments in less than twenty years.

Unfunded Liability Table:


Prior research by the Kellogg School of Management has found $3 trillion in unfunded legacy liabilities from state-sponsored pension plans. However, new research finds additional liabilities from municipalities that magnify the growing public pension crisis.

Source: maciverinstitute.com