Tag: funded ratio
And that’s probably a good thing! Our most recent update of state and local pension plans showed that – even after nearly a decade of stock market gains – plans were only about 70 percent funded in FY2020. That funded ratio discounts future benefits by the plan’s assumed rate of return (7.2 percent); the ratio…
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…
