Tag: Funded Status
The brief’s key findings are: Since 2001, the aggregate funded status of local pension plans has lagged behind that of state plans, but the gap has been closing recently for two reasons. First, local plans continue to receive more of their required contributions than state plans and are a bit more likely to use stringent…
Changes to actuarial methods will have some effect on reported funded levels. We have just completed an update on the funded status for our sample of 150 state and local pension plans. The ratio of total assets to liabilities for these plans remained at 72 percent between fiscal years 2012 and 2013. We never expected…
