Tag: state and local government
Mitigating factors make adverse developments bearable. My colleague, JP Aubry, just released an update on the state of public pensions in the wake of falling markets and rising inflation. Despite the recent alarm about the impact of lower asset prices and higher inflation on pension finances, his assessment is relatively sanguine. Admittedly, fiscal year 2022 has been difficult…
The economic turmoil in the early months of the pandemic – a plunging stock market and soaring unemployment – posed a real threat to state and local government pension funds and the workers who rely on them. One group was particularly vulnerable: public-sector workers who aren’t covered by Social Security and lack the backstop of…
