TPPF: 4 Reasons Texas has a $57 BILLION Pension Problem

TPPF Op-Ed in Ft. Worth Star Telegram points to the following problems with Texas pension system:

• $57.5 Billion in unfunded pension liabilities ($42,073 owed per active member)
• Unfunded liabilities increase at the rate of $40M per month
• The funded ration for all pensions systems under the Pension Review Board is only 80.5%
• The solution: New employees should be placed into defined-contribution plans, like 401(k) plans

TPPF