U.S. Pensions Solve New Debt Equation. Answers Vary by Billions

  • Kentucky gives lawmakers one number, investors another
  • New rules make funding levels look worse then they did before

When Kentucky Governor Matt Bevin proposed his budget in January, he told lawmakers the teacher retirement system had $13.9 billion less than needed to cover promised pension benefits. The state’s audited financial statements earlier estimated the shortfall was about 55 percent larger, at $21.6 billion.

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