Archive: Mark Cafarelli
The brief’s key findings are: Rising life expectancy makes defined benefit pension plans more expensive. The question is the extent to which state and local plans have already incorporated rising life expectancy into their cost estimates. The analysis explores how plan liabilities and funded ratios would be affected by using RP-2014, a new mortality tab…
The brief’s key findings are: A new analytical tool tells a clear story of why unfunded liabilities rose during 2001-2013. The primary factor was investment returns that fell short of expectations due to the two financial crises. A secondary factor was that many plans failed to make adequate contributions, a more serious problem among the worst-funded plans. This…
