Comments on: The two schools of thought on pensions Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 By: areopagetica Sat, 23 Mar 2013 16:24:54 +0000 Great post, as always. But I hope you can address the impact of new GASB standards as well as new Moody’s standards on Illinois pensions. Our media in IL blindly use the state’s official unfunded pension liability number of $97B, but many outside experts say the liability will be roughly twice that under new standards. So, isn’t it not a matter of opinion, but in fact a matter of what will be required?