Tag: state budgets
These responses need to be factored into reform packages. Those of us who think about state and local retirement plans tend to focus on funded levels, the implications of large liabilities for borrowing costs, and the extent to which required contributions may crowd out other activities in the state’s or locality’s budget. We tend to…
The brief’s key findings are: Currently, state and local pension contributions equal 3.8 percent of total budgets. To get back on a path to full funding, sponsors will need to contribute: 5.0 percent of budgets if liabilities are discounted by 8 percent; or 9.1 percent of budgets if liabilities are discounted at 5 percent. But…
