Related by context. Frequent words. (Click for all words.) 62 underfunded 53 unfunded 51 underfunding 48 pension 45 overpaid 45 overspent 44 mismanaged 43 underpaid 43 pensions 43 insolvent 42 understaffed 41 retirees 41 actuarial 40 shortchanged 39 actuaries 38 privatized 38 overvalued 38 solvency 38 reallocate 37 surplus 37 reallocated 37 pension schemes 37 declining enrollment 37 highly leveraged 36 overpayments 36 overstretched 36 funded 36 overtaxed 36 taxable 36 overextended 36 restructured 36 deferred compensation 36 shortfalls 36 bankrupt 36 shortfall 36 inequitable 35 unspent 35 auditors 35 fiscally responsible 35 Pension 35 unsustainable 35 underutilized 35 repaid 35 liabilities 35 actuary 35 downsized 35 refinanced 35 reinvested 35 dire straits 35 Retirement System 35 outdated 35 balance sheet 35 budget shortfall 35 PBGC 34 retirement 34 revalued 34 market capitalization 34 taxpayer 34 overpayment 34 ERISA 34 endowments 34 duplicative 34 taxed 34 HSAs 34 retirements 34 retiree 34 overly optimistic 34 overspend 33 illiquid 33 biennium 33 surpluses 33 overpaying 33 underinsured 33 budget shortfalls 33 appropriated 33 insured 33 overstated 33 reimbursements 33 stretched thin 33 grandfathered 33 unaffordable 32 consolidated 32 Pension Benefit Guaranty 32 unionized 32 liquidated 32 taxpayers 32 audited 32 fund 32 endowment 32 incompetent 32 undervalued 32 VEBA 32 obsolete 32 FTE 32 resourced 32 CalPERS 32 overestimated 32 downsize 32 insurance premiums 32 revenues 32 savings