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Searching for: researcher is "center for state & local government excellence"

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The Funding of State and Local Pensions: 2009-2013
The Funding of State and Local Pensions: 2009-2013
Center for State & Local Government Excellence
Apr 2010 United States Surpluses and Deficits, Scheme Issues & Trends, Investment - Performance, Funding and Minimum Funding Requirement, Countries - US
The Center for State & Local Government Excellence has published an analysis of the effects the 2008 economic downturn has had on state and local government pension plan funding. The report, entitled "Funding of State and Local Pensions: 2009-2013", finds that state and local plans were knocked off track by the financial crisis with their funding ratio dropping to an estimated 78% in 2009 from 84% in 2008. Funding will likely continue to decline to 72% by 2013 since reversing will be difficult due to plans facing constraints in increasing revenues from either employee contributions or taxes.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Apr 2010 or click here (this link will not work in all circumstances). For further information about Perspective click here.

C3535178   Click here to contact the authors.

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