Tag: Public Pension Funding
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…
The report’s key findings are: Connecticut’s pension systems for state employees and teachers face large unfunded liabilities, despite recent efforts by the State to fund. A significant source of the problem is the “legacy debt” built up before the State began pre-funding its pensions in the 1970s. Since pre-funding began, inadequate contributions from the State and low…
