Tag Archives: pensions

U.S. dipping into pensions as it hits debt limit

Reuters 9:43 a.m. CDT, May 16, 2011 U.S. Treasury Secretary Timothy Geithner told Congress he would start tapping into federal pension funds Monday to free up borrowing capacity as the nation hits the $14.294 trillion legal limit on its debt. The U.S. Treasury will issue $72 billion in bonds and …

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Chicago pensions: Citizens are burdened with huge unfunded liabilities.

Back in November, we added a dark new dimension — a number somewhere “north of $7,000” — to the discussion of how badly your state lawmakers have buried this state’s pension system in debt. That 7 grand is the amount of unfunded pension liabilities that may confront you and every …

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