Related by context. Frequent words. (Click for all words.) 73 unfunded liability 56 budget shortfall 56 unfunded 55 pension 54 budget shortfalls 53 budget deficits 51 underfunding 47 pensions 47 unfunded mandates 47 Employees Retirement System 46 shortfall 46 underfunded 46 Retirement System 46 shortfalls 45 retiree 44 PERS 43 debt 43 retirees 42 Pension 42 deficits 41 liabilities 41 budgetary 41 deficit 40 budget 40 declining enrollment 40 givebacks 40 solvency 39 VEBA 38 ballooning 38 finances 38 CalPERS 37 PBGC 37 biennium 37 red ink 37 AFSCME 36 insurance premiums 36 actuarial 36 unionized 36 furloughs 36 financial straits 36 fiscally 36 overspending 36 Pension Fund 36 wage freeze 35 layoffs 35 inequities 35 health care 35 collective bargaining agreements 35 actuaries 35 fiscally irresponsible 35 contingent liabilities 35 debt maturities 35 taxpayers 35 Public Employees Retirement 35 retirement 34 uninsured 34 salaries 34 retirements 34 inequity 34 Ambac 34 Pension Benefit Guaranty 34 financially troubled 34 borrowing 34 indebtedness 33 overruns 33 cost overruns 33 actuary 33 municipalities 33 pension schemes 33 layoff notices 33 fiscally responsible 33 Retirement 33 SEIU 33 Medicaid 33 financially strapped 32 unsustainable 32 budgets 32 fiscal 32 bankruptcy filing 32 ERISA 32 dropout rate 32 affordable housing 32 malpractice insurance 32 workers comp 32 surpluses 32 changing demographics 32 caseloads 32 projected 32 obesity epidemic 32 surplus 32 Retiree 32 unsecured debt 32 overcapacity 31 IOU 31 woefully inadequate 31 joblessness 31 deepening recession 31 Finances 31 bankrupting 31 deductibles 31 mortgage defaults