Tag: state and local pension funding
Despite dire predictions from Illinois and New Jersey, the funded status of public plans as a group increased from 72 to 74 percent. The Center for Retirement Research at Boston College just released a 2014 update of the funded status of the 150 state and local plans in the Public Plans Database. For the first…
Good news, worrisome things, and who knows. Our 2013 update on the funded status of state and local pension plans made me think more broadly about the progress of these plans. My thoughts fell into three buckets: good news, worrisome things, and some issues up in the air. As background, state and local plan funded…