Tag: pension funding
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…
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…
