Tag: Public Pension Funding
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…
The brief’s key findings are: A new government accounting standard requires state and local pension plans to categorize assets based on the method used to determine the fair market value. Level 1 includes frequently traded assets like equities. Level 2 includes less liquid assets like corporate bonds. Level 3 involves appraisals like real estate. For…
