Includes “Forty of the fifty states do not have enough funds to cover their obligations. As of 2016, TIA reports state unfunded debt (yet-to-be-paid pension obligations and retiree health care) totals $1.5 trillion. Of that amount, Pension-debt accounts for $832.6 billion owed to retirees and $614.9 billion owed to retiree-health-care funds.”
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