Tag: state and local
The brief’s key findings are: State and local plans, which were headed toward full funding, were knocked off track by the financial crisis. Their funding ratio dropped from 84 percent in 2008 to an estimated 78 percent in 2009. Funding will likely continue to decline to 72 percent by 2013. Reversing this decline will b…
Abstract The investment practices of public pension funds have become a topic of major interest in the wake of President Clinton’s 1999 proposal to invest a portion of the Social Security Trust Funds in equities. Both supporters and opponents of the proposal point to the performance of public plans to argue their case. Supporters cit…
