Tag: future taxpayers
The brief’s key findings are: Contrary to conventional wisdom, local plans are at least as well funded as state plans. Funding ratio: 85 percent for local plans vs. 84 percent for state plans. Making required contributions: 69 percent for local plans vs. 54 percent for state plans. Despite this relatively positive outlook, some jurisdictions fac…
Introduction While state and local pensions as a group are about as well funded as plans in the private sector, significant variation exists. More than 60 percent are adequately funded, but almost 40 percent are not. Low levels of funding means that future taxpayers will have to pay the cost of unfunded pension promises, as…
