Using local government accounting methods, the total unfunded liability in local governments is $190 billion or over $7,000 per municipal household…When government accounting is corrected by discounting already-promised benefits at zero-coupon Treasury yields, the total unfunded obligation is $383 billion or over $14,000 per local household…
“Unfunded liabilities for the 50 state governments in the U.S. amounts to $3 trillion…
“Unfunded liabilities for municipal pension plans add $574 billion to the $3 trillion in unfunded liabilities for states.
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