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unfunded debt
/ ʲÔË´ÚʲԝĺÉŞťĺ /
noun
- a short-term floating debt not represented by bonds
Example Sentences
Guerrero has attempted to make up ground by criticizing the way the state is handling its debt and the large amounts of unfunded debt of the California State Teachersâ Retirement System, or CalSTRS, and the California Public Employeesâ Retirement System, or CalPERS, which manage pensions for California public school educators and other public employees.
He has attempted to make up ground by criticizing the way the state is handling its debt, credit rating and the large amounts of unfunded debt of CalSTRS and CalPERS, which manage pensions for California public school educators and other public employees.
Among other things, Missouri GOP lawmakers pointed to Illinoisâ public pension system, which has $138 billion in unfunded debt.
Independent consultants said last month that the system has more money and less unfunded debt since the legislature decided to fully fund the systemâs budget request.
The unfunded debt fell to $28.8 billion, from $32.2 billion at the end of 2016.
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