By Bethany Blankley (Watchdog.org), includes “… 'citizens learned that the unfunded obligations were actually four times higher [$19.3 billion] than reported the year earlier [$4.7 billion],' Bill Bergman, TIA’s Director of Research, said. … Bergman also points out that a spike in Minnesota's 'Net Pension Liability' in its 2016 CAFR won't be reflected in its accounting because the GASB permits state and local governments to use either current or prior year actuarial valuations for pensions on their balance sheets .”