U.S. Pensions Solve New Debt Equation. Answers Vary by BillionsBy and
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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