Tag: state and local government
The brief’s key findings are: In 2016, the funded ratio of state and local pensions declined under both old and new accounting rules. This decline reflected steady growth in liabilities and slow growth in assets due to poor stock performance. More recently, the revival of the stock market is helping plan assets recover, with funded…
Some of the workers and retirees around the country who count on having a government pension surely get nervous when they see headlines about the most troubled state and local plans – in places like Illinois, New Jersey, Connecticut, Chicago, and Detroit. A broader perspective on retirement benefits, however, shows that the results are mor…
