Posted inState

15 Local Texas Pensions Are Less Than 50% Funded, Total $2.9 Billion in Unfunded Liabilities

Over a dozen local public pension funds in Texas have accounted for less than half of what they’ve promised pensioners, according to data from the Texas Comptroller of Public Accounts. The 15 pensions have nearly $3 billion in unfunded liabilities — money promised but not currently accounted for in their current budget forecasts. The largest share of […]