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Eventually the unfunded liability grows unmanageable.
By 2008 the unfunded liability had reached $114m.
"We have an unfunded liability to pay off".
That contributed to the growth of the unfunded liability.
"We're looking at an unfunded liability for taxpayers.
That amount is the original unfunded liability of the Fund.
The total unfunded liability is about $20 billion, more than five times the city's operating budget.
The present value of the unfunded liability is "only" $9 trillion.
He also increased the retirement age and curbed benefits, but the unfunded liability continued to grow.
The unfunded liability of Medicare Part B is 2.7percentt of G.D.P. (page 101).
Proposed solutions have included issuing bonds to cover the unfunded liability or reamortizing the pension debt.
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CEO of Professional Science Editing for Scientists @ prosciediting.com