Link:https://www.truthinaccounting.org/news/detail/financial-state-of-the-states-2021
Full PDF: https://www.truthinaccounting.org/library/doclib/FSOS-Booklet-2021.pdf
Graphic:
Excerpt:
Unfunded retirement liabilities
are the largest contributing factor
to the $1.5 trillion in state-level
debt. One of the ways states make
their budgets look balanced is
by shortchanging public pension
and OPEB funds. This practice
has resulted in a $926.3 billion
shortfall in pension funds and a
$638.7 billion shortfall in OPEB
funds
Author(s): Truth in Accounting
Publication Date: September 2021
Publication Site: Truth in Accounting