A member of the Retirement Ad Hoc Committee highlights some of the causes behind the huge unfunded liability facing the state retirement system.
One of the principal causes of the estimated $17 billion unfunded liability was the change in state law that enabled state employees to begin receiving benefits after 28 years of service, instead of 30, Rep. B. R. Skelton (R-Pickens) says.
https://www.youtube.com/watch?v=tA_RtNK89Ho