The funding of state and local pensions

Munnell, Alicia Haydock, Jean-Pierre Aubry, and Laura Quinby. “The funding of state and local pensions”. State and Local Pension Plans 10, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, April 2010. http://hdl.handle.net/2345/bc-ir:104250.
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Abstract

The brief's key findings are: (1) State and local plans, which were headed toward full funding, were knocked off track by the financial crisis. (2) Their funding ratio dropped from 84 percent in 2008 to an estimated 78 percent in 2009. (3) Funding will likely continue to decline to 72 percent by 2013. (4) Reversing this decline will be difficult, as plans face constraints in increasing revenues from either employee contributions or taxes.

Title
The funding of state and local pensions: 2009-2013
Author
Munnell, Alicia Haydock
Aubry, Jean-Pierre
Quinby, Laura
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
April 2010
Publisher
Center for Retirement Research at Boston College
Series Title
State and Local Pension Plans
Series Number
10
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104250
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
State and local pensions

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