unfunded accrued liability

media commons

Louisiana's budget problems basically boil down to one thing – more money needing to go out than is coming in. When it comes to state retirement systems, that problem has a name: it's called the “UAL”.


media commons

Louisiana's budget problems extend beyond the current year shortfalls, but as the topic continues to dominate policy discussions ast the capitol, we're going to delve into some of the history and allied components of Louisiana's fiscal mess. Basically they all boil down to one thing – more money needing to go out than is coming in. When it comes to state retirement systems, that problem has a name: it's called the “UAL”.