Georgia Pension Funding Improving

December 17th, 2013 by Leave a Comment

If Santa looks at states when making a list of who’s naughty or nice, he will find seven who most improved the condition of their pension funds since 2009, when the economic recovery began. Georgia, Idaho, Maine, Mississippi, New Hampshire, Oklahoma and Virginia are most improved, having more money available to fulfill their promises to retirees.  (In accounting terms, this means less “unfunded liabilities.”) Source: Institute for Trust in Accounting

Georgia was among the top ten states in terms of pension funding in 2010, as measured by a Pew Charitable Trusts study, with 85 percent of its long-term state pension liabilities funded.

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“I am here today to thank the Georgia Public Policy Foundation for your role in building a fiscally conservative, pro-growth state. Not only did you help pave the way for a new generation of leadership, you continue to provide key policy advice and to hold us accountable to the principles we ran on. In short, you have had a transforming influence on this state. We are healthier, stronger, and better managed because of your efforts.

State Senator Eric Johnson, President pro tempore, Georgia State Senate more quotes