Tag: public pension plans
The brief’s key findings are: The funded ratio of state and local pensions edged up to 73 percent in FY 2018, but has been largely flat for several years and is well below its peak in 2001. Liability growth has steadily declined during the past two decades – from 7.7 percent in 2002 to 3.8…
The brief’s key findings are: Public pension plans have lowered their investment return assumptions, which generally raises costs by requiring larger contributions to fund promised benefits. However, the decline in assumed returns is due to lower expected inflation, which should have no effect on costs in an inflation-indexed system. At the same time, plans hav…
