Tag: local pensions
The brief’s key findings are: Under traditional accounting rules, the aggregate funded ratio for state and local pension plans in 2017 was 72 percent, largely unchanged from recent years. This overall stability, however, masks a growing gap among plans: the average funded ratio was 90 percent for the top third but just 55 percent for…
The brief’s key findings are: One way that public pension plans assess their investment performance is to compare returns by asset class to selected benchmarks. Plans pay fees to external asset managers with the expectation that they will exceed the benchmarks. As these fees have come under greater scrutiny, the question is whether higher fees…
