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.
Mitch Daniels???? Isn't that the guy the GOP started spreading the word he would be a candidate for president, I hope not.
ReplyDeleteTo be fair, these folks may not have been responsible for the policies that left the pensions so dramatically underfunded.
ReplyDeleteMy guess is the unions and various negotiators have historically caused these issues.
That's why public sector unions must be broken up and banned.