Local & Lege TREND. 3 Reasons Underfunding, Not Benefits = Rising Pension Costs

Who takes the position that underfunding is the reason for rising pension costs? Alicia H. Munnell is the director of the Center for Retirement Research at Boston College

Why is underfunding of pensions causing the rising pension costs? (charts & graphs at link)

• Since 2001, the normal cost of benefits has remained unchanged
• Since 2001, benefits have declined
• Since 2001, employer contributions have declined

Do these numbers respond to something?  Yes, Wall Street Journal Editorial on July 19, 2018

Market Watch | Opinion: Don’t confuse public pension cost with generosity