At least 82 of 96 public pensions in Texas have so-called unfunded liabilities totaling more than $23 billion. An unfunded liability is the amount by which a plan's liabilities – primarily the pension benefits promised to employees – exceed its assets.

Seventeen plans are so severely underfunded that they're considered to be "at risk" by the state's pension review board.

This doesn't mean they're facing imminent collapse. For one thing, there are constitutional protections for public pensions in Texas. And elected officials know they'd never win re-election if they voted to break promises made to retirees – raising taxes would be more politically palatable.

Live in Texas? Work for state or local governments? It's probably time to review your plan.

DallasNews.com provides information on Texas pension retirement plans.