Pension funding is a hot topic in the political world. Retirees who have worked their entire lives end up retiring with very little to their name or have a very difficult time accessing their funds. These problems vary from state to state, with underfunded pensions accounting for the worst. Many states promise a certain amount for public employee retirement benefits, but don’t deliver in the end. According to this post from State Budget Solutions, last year’s unfunded pensions reached an all-time high of $4.7 trillion. This funding gap is affecting every state, but for some it hits harder than others. Let’s take a look at some of states with the most underfunded pensions, according to Bloomberg.com. 1. Illinois The most poorly funded state in America, Illinois only funds 43.4 percent of its pensions. It has an unfunded liability of $82.9 billion, with 20.7 percent going unfunded for each person. 2. Connecticut The funded ratio for Connecticut is 55...(Read Full Article)