---
title: "Off by Trillions: The Reality of our Pension Problem"
date: 2018-01-15T09:17:00-06:00
author: Tessa Sánchez
canonical_url: "https://www.lemonly.com/work/off-trillions-reality-pension-problem"
section: Work Item
---
[](https://www.lemonly.com/work)# [Hoover Institution](https://www.lemonly.com/work?client=hoover-institution) Off by Trillions: The Reality of our Pension Problem 

 [Video](https://www.lemonly.com/work?category=video)**PART 5**

Pension funds are using overly optimistic assumptions about investment returns and should treat pension promises as guarantees that need to be backed up by risk-free investments. As a result, actual liabilities are three times higher than what is being reported by state and local pension funds. State and local governments need to change how they plan for future pension costs and set aside more money in order to prevent higher taxes or cuts to services taxpayers enjoy.

[See the full "Pension Pursuit" course from the Hoover Institution on PolicyEd.org.](https://www.policyed.org/pension-pursuit/misalignment-interests/video)

 

  

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