This presentation, Public Pension Issues in 2014 and Beyond, was given by Paul Angelo at the 2014 CSG National Conference. Angelo is the Senior Vice President and Actuary for Segal Consulting
The video description reads:
Shortfalls in state-run retirement systems continue to grow, and in the 2012 fiscal year, the gap between promises to state workers and funding in the accounts reached $915 billion. Unfunded pension obligations can have significant implications for a state’s fiscal stability, including lower credit ratings, increased borrowing costs and the diversion of state resources away from other spending priorities like infrastructure and education.