Tag: local government
The projected funded ratio for state and local pension plans in FY 2025 is 77.7 percent, 1.5 percentage points higher than 2023 – the date of our last funding update. These gains seem quite modest, given that the S&P index increased more than 40 percent between June 2023 and June 2025…
But they make up a very small share of local government spending. Every now and then we release a study that is received with skepticism. Our current piece on police and fire retirement benefits is the most recent example. It makes the argument that these benefits are expensive – consistent with most people’s intuition –…
