Tag: employer pension
The brief’s key findings are: In 2015, the funded ratio of state and local pensions using traditional accounting rules, with smoothed asset values, rose from 73 percent to 74 percent. The funded ratio using new accounting rules, with market value, declined slightly. Required contributions continued to climb in 2015, but plans also stepped up their…
The brief’s key findings are: Half of private sector workers are not covered by an employer-sponsored retirement plan. The federal government has made no progress on closing this coverage gap, so the states are stepping into the breach: Four states have adopted a mandatory Auto-IRA program. Two other states are setting up voluntary marketplaces. Of…
