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The Funding of State and Local Pensions: 2013-2017

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  • Alicia H. Munnell
  • Jean-Pierre Aubry
  • Mark Cafarelli

Abstract

The brief’s key findings are: The brief’s key findings are: *Despite a strong stock market, the funded status of public plans in 2013 remained unchanged at 72 percent for two reasons: *actuarially smoothed assets grew modestly; and *CalPERS, one of the nation’s largest plans, significantly revised its reported funded ratio. *An encouraging sign is that sponsors appear to be paying a larger share of their annual required contribution. *Going forward, the funded ratio is projected to gradually move above 80 percent, assuming historical stock market returns.

Suggested Citation

  • Alicia H. Munnell & Jean-Pierre Aubry & Mark Cafarelli, 2014. "The Funding of State and Local Pensions: 2013-2017," State and Local Pension Plans Briefs ibslp39, Center for Retirement Research.
    • Handle: RePEc:crr:slpbrf:ibslp39
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    File URL: http://crr.bc.edu/briefs/the-funding-of-state-and-local-pensions-2013-2017/
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