Tag: pension funding
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…
The brief’s key findings are: Pension and retiree health benefits for public safety workers are more expensive than those of other local government workers, largely due to earlier retirement ages. Perhaps surprisingly, though, their retirement benefits make up only a very small share of total local government spending. Some evidence suggests that public safety workers…
