Tag: investment performance of U.S. public pension plans
The brief’s key findings are: A new government accounting standard requires state and local pension plans to categorize assets based on the method used to determine the fair market value. Level 1 includes frequently traded assets like equities. Level 2 includes less liquid assets like corporate bonds. Level 3 involves appraisals like real estate. For…
The brief’s key findings are: Public pension plans have lowered their investment return assumptions, which generally raises costs by requiring larger contributions to fund promised benefits. However, the decline in assumed returns is due to lower expected inflation, which should have no effect on costs in an inflation-indexed system. At the same time, plans hav…
