Tag: pension finances
![business man climbing stairs with an arrow pointing up to a light at the top](https://crr.bc.edu/wp-content/uploads/2023/08/business-man-climbing-stairs-with-an-arrow-pointing-up-to-a-light-at-the-top-1536x1024.jpeg)
Yes, fixed income was hit by rising interest rates, but it’s a small share of plan portfolios. My colleagues JP Aubry and Yimeng Yin just released an update on state and local pension plans. Their analysis compared 2023 to 2019 – the year before all the craziness began. Think of the unusual events that hav…
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Actually, sustainability could likely be achieved by stabilizing pension debt. The Center’s most recent issue brief makes a strong case for shifting the focus of fiscal sustainability for state and local pension plans from full funding to stabilizing their pension debt as a share of the economy. While full funding is tidy in the sens…