Tag: pension funding
The brief’s key findings are: Despite the recent market recovery, during fiscal year 2020, local government pension plans will see virtually no change in their average funded ratio. And, going forward, the strains on government finances due to the recession could make it harder for localities to pay their required pension contributions. But projections show…
The brief’s key findings are: If markets remain at their current levels through June, state and local pension plans will end FY 2020 with negative investment returns and reduced asset values. As a result, their aggregate funded ratio will slip below 70 percent, and they will face higher actuarial costs going forward. While this outcom…
