Archive: Caroline V. Crawford
The brief’s key findings are: The funded ratio of state and local pensions edged up to 73 percent in FY 2018, but has been largely flat for several years and is well below its peak in 2001. Liability growth has steadily declined during the past two decades – from 7.7 percent in 2002 to 3.8…
The brief’s key findings are: Oversight of state and local pension funds is vitally important to government officials, plan participants, and taxpayers. The effectiveness of pension boards depends on their structure, composition, size, and member tenure. Based on best practices for each factor, this analysis constructs a “Board Effectiveness Index” for 145 pension funds. T…