Tag: pension fund
The brief’s key findings are: During 2014, public plans adopted new accounting standards for reporting purposes but continued to use the traditional standards for funding purposes. The traditional funded ratio rose from 72 percent in 2013 to 74 percent in 2014 – the first improvement since the financial crisis. Required contributions continued to climb in…
The brief’s key findings are: Rising life expectancy makes defined benefit pension plans more expensive. The question is the extent to which state and local plans have already incorporated rising life expectancy into their cost estimates. The analysis explores how plan liabilities and funded ratios would be affected by using RP-2014, a new mortality tab…
