This excerpt originally appeared in Virginia Watchdog on August 21, 2012.

It will give us a slightly starker picture,” said Eileen Norcross, a senior research fellow at the Fairfax-based George Mason University Mercatus Center. “The numbers will rise. The extent that they rise will depend on the individual system and the proportion of the liability that is funded versus unfunded. The more unfunded the liability, the greater the impact.”