A few remarks — the total public pension unfunded liability (using the discount rates they themselves use, that is, too high, and thus valuing the unfunded liability too little) is the same size as the full American Rescue Plan Act of 2021 — that is, $1.9 trillion.
That is not how much is getting shoveled to the various state and local governments.
Author(s): Mary Pat Campbell
Publication Date: 21 March 2021
Publication Site: STUMP at Substack