Tag: pension funding
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…
We have just completed an update on the funded status for our sample of 150 state and local pension plans. The ratio of total assets to liabilities for these plans remained at 72 percent between fiscal years 2012 and 2013. We never expected great results for 2013, because the actuaries value assets on a smoothed…
