Report: State and Local Pension Plans Have $1.48 Trillion in Debt
October 31, 2025
	October 31, 2025
LOS ANGELES, California, Oct. 31 (TNSrep) -- The Reason Foundation issued the following news on Oct. 30, 2025:
* * *
Report: State and local pension plans have $1.48 trillion in debt
State pension systems have $1.29 trillion in unfunded liabilities, and local governments have $187 billion.
By Ryan Frost, Managing Director; Mariana Trujillo, Managing Director; Jordan Campbell, Managing Director, Truong Bui, Director of Data Strategy and Analytic . . .
* * *
Report: State and local pension plans have $1.48 trillion in debt
State pension systems have $1.29 trillion in unfunded liabilities, and local governments have $187 billion.
By Ryan Frost, Managing Director; Mariana Trujillo, Managing Director; Jordan Campbell, Managing Director, Truong Bui, Director of Data Strategy and Analytic . . .
