Louisiana Pensions Among Most Underfunded
A study of the 100 largest public pension plans in the U.S. highlights Louisiana’s pension fund troubles.
A study of the 100 largest public pension plans in the U.S. highlights Louisiana’s pension fund troubles.
Critics of Governor Jindal’s proposed “cash balance” pension plan for state employees have made a number of inaccurate claims. The current retirement systems have amassed an astonishing $18.9 billion in unfunded liabilities, but reform opponents defend the status quo with scare tactics while relying on a flawed report from the Legislative Auditor.