What you need to know about state pension systems

Before understanding what may or may not happen to state pension funds, and what can or cannot be done about it, we must understand the main contributor to the current funding problem facing public pension funds. According to the Center for Economic and Policy Research, most of the pension shortfall is attributable to the plunge in the stock market in the years 2007-2009. The full analysis covering the impact and future projections of pension can be accessed from The Washington Post.

[Retrieved from The Washington Post on March 3, 2011.]