Future Unfunded Obligations

A Future Obligations is a future debt or performance obligation that Elected Politicians committed you to party to someone else at some future date in time. It is commonly settled through a payment or performance of a service.

An Unfunded Liability is used to describe any liability that does not have savings set aside for it.

Simply Translated – Elected Politicians have made promises that you will pay for something, such as future pensions and medical for Elected Politicians and Federal Employees with no money set aside.