Tag: pension wealth
The brief’s key findings are: During 2012, using current GASB standards, the funded status of public plans declined slightly from 75 percent to 73 percent. This decline reflected slow asset growth, which was only partly mitigated by reduced liability growth. States and localities also continued to fall short on their annual required contribution payments. Going…
The brief’s key findings are: 2011 data show that locally-administered pension plans continue to be slightly less funded than state-run plans – 72 percent vs. 76 percent. This result is puzzling because local plan sponsors generally pay a larger share of their annual required contribution than state plan sponsors. The explanation is that state plans…
