Tag: state pensions
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. …
Introduction While state and local pensions as a group are about as well funded as plans in the private sector, significant variation exists. More than 60 percent are adequately funded, but almost 40 percent are not. Low levels of funding means that future taxpayers will have to pay the cost of unfunded pension promises, as…
