Tag: state and local pensions
Yes, fixed income was hit by rising interest rates, but it’s a small share of plan portfolios. My colleagues JP Aubry and Yimeng Yin just released an update on state and local pension plans. Their analysis compared 2023 to 2019 – the year before all the craziness began. Think of the unusual events that hav…
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…
