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Paying Off Unfunded Pension Liabilities Will Be a Low Priority After COVID-19
Alicia H. Munnell in MarketWatch 
[Opinion] Aug. 14, 2020 "In the next couple of years, states -- which must balance their budgets every year -- will face the tradeoff of deep cuts in education and health care and further layoffs, on the one hand, and funding their pensions on the other. Most observers would probably agree that pension funding could be postponed. More fundamentally, the standard recommendation that sponsors need to eliminate all their unfunded liability over 30 years is increasingly being called into question." |
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