21 04, 2021

Public pensions funded ratio continues strong recovery; hits new high-water mark of 79.0% in Q1 2021

2021-05-13T08:05:20-07:00April 21st, 2021|Categories: Pension Funding|Tags: |

By Rebecca A. Sielman Source: Milliman The first quarter (Q1) of 2021 marked a fourth consecutive quarter of high-water marks for both assets and liabilities for public pensions, with the estimated funded status of the 100 largest U.S. public pension plans growing from 78.6% at the end of December 2020 to 79.0% at the end of March 2021, as measured by the Milliman 100 Public Pension Funding Index (PPFI). The deficit between estimated assets and liabilities closed slightly from [...]

6 05, 2020

Public pension funds are a net gain for state and local revenue – study

2020-05-06T14:47:18-07:00May 6th, 2020|Categories: Economy|Tags: |

Public pension funds were net revenue generators for state and local governments in 2018, surpassing taxpayer contributions by $179 billion, according to a biennial study released Tuesday by the National Conference on Public Employee Retirement Systems. That represents a 30.6% increase from the original study covering 2015-2016. In 2018, pension funds generated about $341.4 billion in state and local revenues through investments and retiree spending, while the taxpayer contribution to those pension plans was $162 billion. For 40 states, [...]

22 04, 2020

NIRS Reponds to The New York Times on Public Pensions

2020-04-22T08:10:43-07:00April 22nd, 2020|Categories: Defined Benefit Plans|Tags: |

In response to a New York Times article published April 2, 2020, an article regarding public pensions, NIRS writes that characterizing these retirement plans that serve 15 million working and 11 million retired employees of state and local government as “time bombs” borders on journalistic malpractice. Indeed, public pension funds face challenges that will arise because of the unprecedented economic conditions facing all investors. But, the vast majority of these plans are built to last. The letter indicates that when [...]

21 04, 2020

Public pensions survived the Great Recession. They will survive coronavirus, too

2020-04-21T10:25:22-07:00April 21st, 2020|Categories: Defined Benefit Plans|Tags: , |

For most Americans these days, timing is everything when it comes to retirement. At the moment, it looks like those who recently retired or who are on the cusp of retirement may have picked a bad time to be born. For them, the steep drop in the investment markets caused by the coronavirus pandemic came at just the wrong moment. History tells us that the markets will recover and that cycles of ups and downs are inevitable. But under [...]

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