“Cities and towns in Pennsylvania that administer their own public pension systems have nearly $7.7 billion of unfunded future liabilities, according to a report on Wednesday from state Auditor General Eugene DePasquale.” – Reuters

It’s not easy to see, but more than a few Lancaster County municipalities, including Columbia and its neighbors, are colored red. At the end of 2013, Columbia was rated as “minimally distressed” by the Public Employee Retirement Commission with $5,960,914 listed as assets and $7,659,790 as liabilities.

Click here to read the Auditor Generals report on the how and why’s of Pennsylvania’s 562 municipalities with administered pension plans that are “distressed” and underfunded by at least $7.7 billion.