The Unfunded Liability in 2018 Across All of the States

question 5

True/False

The unfunded liability in 2018 across all of the states for retiree pensions exceeded $1 trillion.

---

Definitions:

Subjective Measures

Evaluation or assessment methods based on personal opinions, interpretations, points of view, or feelings rather than quantifiable metrics.

Rater Bias

Refers to the prejudice or partiality that evaluators (raters) might show towards or against certain individuals or groups during appraisal processes, affecting the objectivity of assessments.

Quantitative

Relating to, measuring, or measured by the quantity of something rather than its quality.

Performance Improvement Plan

A series of steps designed to document the areas in which the employee needs to improve, discuss how to improve with the employee, and establish the timeframe for improvement.