State Pensions' Growing Problems

Fitch Ratings' Doug Offerman discusses: how bad are the state pensions' underfunding problems, how do the pensions compare to their situation in 2007, how have GASB accounting changes helped obervers understand pension funding, whether pensions' assumed rate of return is realistic, and the impact of the growing portion of our populace living past 65 have on pensions. Bond Buyer reporter Robert Slavin asks the questions.