10
Jan
2012

Hatch Report – The pension debt crisis…

Categories: National Developments
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The pension funding crisis facing state and local governments has been widely reported. Vested pension benefits are a fixed financial obligation of governments, and to the extent the assets that have been set aside to pay for the benefits are inadequate, the pensions represent an unfunded financial obligation.

http://hatch.senate.gov/public/_cache/files/ecfaf678-a3ec-45a4-a2bf-3bca4fe9475d/Hatch%20Report%20-%20The%20Pension%20Debt%20Crisis%20that%20Threatens%20America.pdf

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