{"id":1303,"date":"2011-01-14T14:41:58","date_gmt":"2011-01-14T19:41:58","guid":{"rendered":"http:\/\/www.salaryfor.com\/blog\/?p=1303"},"modified":"2011-01-14T15:28:09","modified_gmt":"2011-01-14T20:28:09","slug":"andrew-biggs-on-states-underfunded-pension-funds-2","status":"publish","type":"post","link":"https:\/\/salaryfor.com\/blog\/andrew-biggs-on-states-underfunded-pension-funds-2\/","title":{"rendered":"Andrew Biggs on States Underfunded Pension Funds"},"content":{"rendered":"

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Andrew Biggs (a former Social Security analyst and Assistant Director of the Cato Institute’s Project on Social Security Choice) offers his perspective on the serious problem of States with underfunded pension funds. \u00a0The problem is one of solvency in which liabilities exceed the states assets. \u00a0He has proposed that states change the way they report their funds accounting by using market valuation rules to give a truer picture of the unfunded liability. \u00a0Some of these pensions are being funded now in riskier equities versus more stable bond offerings. Since these pensions are guaranteed, many taxpayers do not realize that they will be on the hook to make up for any shortfall. (listen to podcast below for full story)<\/p>\n

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click here for more salary information<\/span><\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Andrew Biggs (a former Social Security analyst and Assistant Director of the Cato Institute’s Project on Social Security Choice) offers his perspective on the serious problem of States with underfunded pension funds. \u00a0The problem is one of solvency in which liabilities exceed the states assets. \u00a0He has proposed that states change the way they report […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[3050,3037,1244,3045,3039,3038,3049,3047,196,3043,3046,1067,39,3044,3048,3036,3042,2724,3041,3040],"class_list":["post-1303","post","type-post","status-publish","format-standard","hentry","category-business-stories","tag-accounting","tag-andrew-biggs","tag-assets","tag-assistant-director","tag-bond-offerings","tag-cato-institute","tag-hook","tag-liabilities","tag-market-valuation","tag-pension-funds","tag-pensions","tag-perspective","tag-salary-information","tag-shortfall","tag-social-security","tag-social-security-analyst","tag-solvency","tag-taxpayers","tag-unfunded-liability","tag-valuation-rules"],"_links":{"self":[{"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/posts\/1303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/comments?post=1303"}],"version-history":[{"count":8,"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/posts\/1303\/revisions"}],"predecessor-version":[{"id":1312,"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/posts\/1303\/revisions\/1312"}],"wp:attachment":[{"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/media?parent=1303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/categories?post=1303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/salaryfor.com\/blog\/wp-json\/wp\/v2\/tags?post=1303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}