Archive: State & Local Pensions
Actually, sustainability could likely be achieved by stabilizing pension debt. The Center’s most recent issue brief makes a strong case for shifting the focus of fiscal sustainability for state and local pension plans from full funding to stabilizing their pension debt as a share of the economy. While full funding is tidy in the sens…
And in recent years, they have actually hurt; although they may have dampened volatility. In fiscal year 2022, state and local pension plans have seen the decline in the stock market erase much of the gains from 2021. And, recent media reports by Pensions and Investments, The Wall Street Journal, and others have suggested that…
