Public Pension Funding Ratios Modestly Increase in Fiscal 2025
By Emily Boyle Source: AI-CIO The state and local pension funding ratio is projected to have increased to 77.7% in fiscal 2025, according to the Center for Retirement Research at Boston College. That ratio is up 1.5 percentage points since 2023, while the S&P Index jumped more than 40% over the same period. Meanwhile, the National Conference of Public Employee Retirement Systems reported in its annual retirement study, released in February, that the funded level of the average public [...]