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The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees.
There was a 12 billion dollar investment income loss in 2008 and 55 billion in 2009. [4] The 124 billion dollars of income in the nine-year period 1999-2007 was reduced by half as a consequence of the combined losses of 67 billion in 2008 and 2009.
Old-age dependency ratio (2017) [1]. The pensions crisis or pensions timebomb is the predicted difficulty in paying for corporate or government employment retirement pensions in various countries, due to a difference between pension obligations and the resources set aside to fund them.
Rebuilding the bridge could cost between $1.7 billion and $1.9 billion, according to an estimate released by the Maryland Transportation Authority earlier this year.
In the past five years, 201 athletic departments earned $26 billion. But they spent $35 billion. As a result, just 21 broke even or recorded a budget surplus. The other 180 used $10 billion in student fees and other support to make up for the shortfall.
Sam Bankman-Fried’s net worth evaporated this week alongside his businesses—and apparently billions’ worth of customer assets.
The Greek budget gap is about $26 billion, according to Der Spiegel (via MarketWatch). That budget gap, much larger than previously estimated, would have to be eliminated for Greece to get needed ...
The IRS estimated that the national tax gap was $688 billion in 2021, up 14.4% from $601 billion in 2020 and nearly double from $345 billion in 2001.It attributed the tax gap increase to a growing ...