Tag: state pensions
The brief’s key findings are: Media stories suggest – especially since the bankruptcy of Detroit – that pensions are the major expense of American cities and could lead to widespread collapse. A comprehensive measure of the cost burden considers how much city taxpayers pay for the pensions of city and county general government workers and teachers. For…
The brief’s key findings are: To assess the sensitivity of pension funding to investment returns, the analysis projects funded ratios through 2042 for large public plans using: a stochastic model of year-to-year returns; and a median real return of 4.45 percent, the average used by plans in 2012. The baseline results show that the funded ratio for…
