Tag: pension funding
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…
New Jersey Supreme Court rules pension funding legislation unconstitutional. I was surprised by the New Jersey Supreme Court decision regarding the state‘s failure to make contributions to the state’s public pension plans. Essentially the State of New Jersey made a deal in 2011 for public employees to increase their contributions and give up some of…
