2 States. 2 Examples of Creative Pension Maneuvering.

New Jersey is using its lottery to bolster assets of the state pension system, making the pension more actuarially sound.

Who else is dabbling in lottery and pension issues? Texas Lt. Gov. Dan Patrick

California is borrowing $6 billion from the state’s Surplus Money Investment Fund to pay down a portion of its $59 billion unfunded pension liability. 

Governing | States Get Creative on Pension Funding