Pension Puzzle

Amid all of the justifiable concern about underfunded public pension systems, most recently in Alaska, it's easy not to notice that some places appear to ...
by | September 19, 2006
 

Dollarpuzzle Amid all of the justifiable concern about underfunded public pension systems, most recently in Alaska, it's easy not to notice that some places appear to be doing just fine.

According to statistics compiled (free registration required) by the National Association of State Retirement Administrators and the National Council on Teacher Retirement, a number of plans actually have surpluses, instead of the billion-dollar unfunded liabilities you often hear about. The Florida Retirement System ($7.6 billion surplus) and the North Carolina Teachers and State Employees system ($3.6 billion surplus) are among the big winners.

Two questions for which I don't have an answer: Is it possible that these numbers are misleading and these systems aren't as healthy as they appear? And, if not, what makes them different from all the places that are struggling?

Josh Goodman
Josh Goodman  |  Former Staff Writer
mailbox@governing.com

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