Cities with high unfunded pension liabilities

Published: January 19, 2016

See 10 cities that have high unfunded pension liabilities, according to a report from Center for State and Local Government Excellence.

Shifting public pension liabilities

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Local governments that participate in cost-sharing state employee retirement plans face pressure to manage their pension plan liabilities as a result of Governmental Accounting Standards Board standard 68. The new rule requires municipalities participating in chost-sharing plans to report their share of a state's net pension liabilities.

The Center for State and Local Government Excellence measured 92 cities that participate in cost-sharing plans that are affected by GASB 68. The center estimates that the following cities will see the largest increase in unfunded liability as a percentage of revenue after GASB 68.
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