"Using smoothed assets as allowed and the smoothed bond rates required by current law to discount the liability, the 2014 total funding target liability of $1.9 trillion was 98% funded, with an unfunded liability of $30 billion.... Weighted by plan liabilities, more than 99% of the [single employer] system contributed at least the minimum amount required by law for both 2013 and 2014. Preliminary data for 2015 indicate results similar to 2014.... Using the lower, unsmoothed rates, more plans had an unfunded liability and fewer plans' contributions were sufficient to maintain their unfunded liability."  MORE >>