Tuesday, September 03, 2013
Indiana's Unfunded Pension Liability Tops $43 Billion
In comparison to other states, Indiana's unfunded pension liability for its public employees doesn't look bad. That's not to say the figures are of any less concern. According to the latest data from State Budget Solutions, Indiana has funded just 37% of its total pension liabilities, leaving more than $43 billion of its over $68 billion in liability unfunded. That looks like a bed of roses compared to neighboring Illinois' unfunded pension liability. Illinois has the worst unfunded pension liability problem in the country. It has funded only 24% of its pension liability, leaving a whopping $287 billion in unfunded liability. Nationally, all the states combines have more than $4.1 trillion in unfunded pension liabilities, funding on average just 39% of the total liabilities.