Tag: public pension finances
![business man climbing stairs with an arrow pointing up to a light at the top](https://crr.bc.edu/wp-content/uploads/2023/08/business-man-climbing-stairs-with-an-arrow-pointing-up-to-a-light-at-the-top-1536x1024.jpeg)
Yes, fixed income was hit by rising interest rates, but it’s a small share of plan portfolios. My colleagues JP Aubry and Yimeng Yin just released an update on state and local pension plans. Their analysis compared 2023 to 2019 – the year before all the craziness began. Think of the unusual events that hav…
![stacking wooden cube with improvement icon standing with goal. plan, action, and improvement concept](https://crr.bc.edu/wp-content/uploads/2023/07/stacking-wooden-cube-with-improvement-icon-standing-with-goal.-plan-action-and-improvement-concept-1-1536x966.jpeg)
The brief’s key findings are: Since 2019, financial markets have seen unusual turmoil, most recently a sharp rise in interest rates to curb high inflation. Despite volatile asset values, the funded status of state and local pension plans has risen about 2 percentage points since 2023, and 5 points since 2019. That is, the strong performance of other…