BIBL - Blame The Fed For The Coming Pension Fund Crisis

American pensions are in trouble.

A Wilshire Consulting Report from 2017 shows that 97% of the 103 state pension funds that report actuarial values were underfunded. The "funded ratio" — that is, the percentage of liabilities (promised benefits) covered by current assets (funds available for benefit payments) — fell by 20% from 2006 to 2016.

Source: Wilshire Consulting

According to Pew Charitable Trusts, there isn't a single state pension that is 100% funded. Wisconsin's comes the closest with 99.1% of liabilities funded, while Kentucky and New Jersey are the worst-off states, each with a