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Public Pension Debt Jumps 84% -- Total Now $4.8 Trillion
Breitbart
May 11, 2016 "[The Stanford Institute for Economic Policy Research] Pension Tracker estimates the total public pension debt on a 'market basis,' where all monies are invested in safe 20-year maturity Treasury bonds offering a constant yield of 2.18 percent, at about $41,219 per household, or about $15,037 per person.... [and] the total public pension debt on an 'actuarial basis,' with an estimated variable future investment return, is $8,872 per household and $3,231 per person. Pension Tracker also finds a disproportionate impact on the 'average' pension debt calculations due to the extraordinarily large impact of the 'market based' pension debt per household for three states -- Alaska, Illinois and California[.]" MORE >> |
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