Tag: pension cost
Abstract Using data from the 1992, 1998, 2004, and 2010 waves of the Health and Retirement Study (HRS), this paper compares pension participation, pension wealth, projected retirement income, and replacement rates attributable to past service, by pension type for households ages 51-56. The analysis includes workers’ pension coverage during both current and past jobs. Defined…
The brief’s key findings are: During 2012, using current GASB standards, the funded status of public plans declined slightly from 75 percent to 73 percent. This decline reflected slow asset growth, which was only partly mitigated by reduced liability growth. States and localities also continued to fall short on their annual required contribution payments. Going…
