They have so many obligations and bogus accounting rules that true accounting methods being applied show bad news for retirees relying on their government pensions.
Forbes had a write up showing this. Whole article can be read here. Below is a snippet:
If pension contributions were affordable, every government would be able to make them. But they’re not. In 2013, only 41% of state and local pensions received their full contribution. Total contributions were equal to about 88% of what was required under GASB accounting rules.