Tag: state pensions
The brief’s key findings are: Contrary to conventional wisdom, local plans are at least as well funded as state plans. Funding ratio: 85 percent for local plans vs. 84 percent for state plans. Making required contributions: 69 percent for local plans vs. 54 percent for state plans. Despite this relatively positive outlook, some jurisdictions fac…
Introduction Plan sponsors in the public sector, like their counterparts in the private sector, have accumulated substantial assets to fund their defined benefit pension promises. A snapshot of funding shows that the ratio of assets to liabilities in the public sector is roughly equivalent to that in the private sector. All is not perfect, however. …
