Why the state pension gap keeps growing – Crain’s*

Much attention is paid, justifiably, to state lawmakers' failure to give public employee pension plans the amount of money actuaries say is necessary to cover future obligations to retirees. The state's latest annual pension reportblames another rise in unfunded liabilities on "actuarially insufficient employer contributions, changes in actuarial assumptions and demographics and other miscellaneous actuarial factors, along with lower-than-assumed investment returns."