Paying for tomorrow: Practical strategies for tackling the public pension crisis

Deloitte Research , July 2006

Funding public pension systems represents one of the greatest financial challenges for state and local governments today. About 85 percent of state pension systems are underfunded, with enough assets to cover only 80 percent of their future pension commitments, according to Wilshire Research. The unsustainable growth in pension funding requirements could easily crowd out opportunities for governments to invest in education, economic development and health care.

This report examines the origins of this predicament, what options governments have for managing their current situation and suggests solid steps they can take on the road to recovery.

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