Speaking Freely — Pension Debt
How Big is Texas’ Pension Debt? Answer: $86,109,622,354. That’s right, pension debt owed by Texas’ state and local retirement systems grew to more than $86.1 billion in February 2020, according to the Pension Review Board’s latest actuarial valuation report. That’s a marked increase from the previous report (in October 2019) when unfunded liabilities totaled $3.4...