Analysis of State Unfunded Retirement Benefits in the United States

Author

Darian Los

Publication Date

12-9-2018

Document Type

Dissertation/Thesis

First Advisor

Dzuranin, Ann

Degree Name

B.S. (Bachelor of Science)

Legacy Department

Department of Accountancy

Abstract

States have not been required to include underfunded pension liabilities on their financial statements until GASB No. 67 and No. 68 was issued in 2012. This means that citizens have not be getting all of information relating to the financial stability of the state. In this project, I gather pension liability data from the states Comprehensive Annual Financial Reports. The data gathered will be used by Truth In Accounting for analysis and reporting to the public. This information will allow citizens to determine the financial stability of their state and if plans are being underfunded, they can call for major pension reforms from politicians. For the majority of the pension plans, the plans are being seriously underfunded, and actions need to be taken to correct this.

Recommended Citation

Los, Darian, "Analysis of State Unfunded Retirement Benefits in the United States" (2018). Honors Capstones. 165.
https://huskiecommons.lib.niu.edu/studentengagement-honorscapstones/165

Extent

8 pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type

Text