State worker pension systems in best shape since 2008

2021-09-23T09:52:54-07:00September 23rd, 2021|Categories: Retirement|Tags: |

By Geoff Mulvihill Source: Associated Press Pension systems for state government workers across the U.S. are in their best shape since the Great Recession began more than a dozen years ago, according to a study released Tuesday. The Pew Charitable Trust report credits a booming stock market over the past year as well as states’ longer-term steps, which include boosting taxpayer contributions to public pension funds and reducing promised retirement benefits, particularly to newly hired workers. “The better decisions, [...]