Look at your city case study CAFR to find information on their pension liability. Theres usually a separate financial schedule in the table of contents, as well as a comment in the Notes. If your city does not have a CAFR, search the city website to see if you can find this information.
share the funding level of your citys pension liability and compare it to the state information provided in the PEW data charts. Discuss the likely impact of COVID-19 on pension liabilities overall. Do you think that pensions are a sustainable long-term benefit to attract government employees? What about the impact of pension costs on the community do these costs suppress current services? If your city mayor or manager asked you about the long-term prognosis of pensions, what would you recommend?