An analysis covering the years 2006 through 2014 shows most of the 160 plans studied received insufficient employer contributions to maintain their unfunded liabilities.
For 130 public pension plans with consistently viable data from 2006 through 2014, total unfunded liabilities as reported under Government Accountability Standards Board (GASB) guidelines increased about 150% from about $400 billion in 2006 to approximately $1 trillion in 2014, while total liabilities increased 47%, from about $2.5 trillion to roughly $3.7 trillion, according to a report by the Society of Actuaries (SOA).
