Tag: annual required contribution (ARC)
![Scavenger,(local,Government,Staff),Sweeping,Leaves,On,Ground,With,Brick](https://crr.bc.edu/wp-content/uploads/2022/11/state_and_local_pensions_7-1536x1024.jpg)
Introduction Plan sponsors in the public sector, like their counterparts in the private sector, have accumulated substantial assets to fund their defined benefit pension promises. A snapshot of funding shows that the ratio of assets to liabilities in the public sector is roughly equivalent to that in the private sector. All is not perfect, however. …