The funding of state and local pensions

Munnell, Alicia Haydock, and Jean-Pierre Aubry. “The funding of state and local pensions”. State and Local Pension Plans 45, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, June 2015. http://hdl.handle.net/2345/bc-ir:104529.
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Abstract

The brief's key findings are: (1) During 2014, public plans adopted new accounting standards for reporting purposes but continued to use the traditional standards for funding purposes. (2) The traditional funded ratio rose from 72 percent in 2013 to 74 percent in 2014 - the first improvement since the financial crisis. (3) Required contributions continued to climb in 2014, but plans stepped up their payments from 82 percent to 88 percent of the required amount. (4) The outlook for the next several years suggests continued steady improvement in funding unless plans experience lower than assumed asset returns.

Title
The funding of state and local pensions: 2014-2018
Author
Munnell, Alicia Haydock
Aubry, Jean-Pierre
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
June 2015
Publisher
Center for Retirement Research at Boston College
Series Title
State and Local Pension Plans
Series Number
45
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104529
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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