Amid all the press about unfunded liabilities and legal battles, some public pension systems manage, and are managed, quite well.
Perhaps not surprisingly, the Center for State and Local Government Excellence's recent study, "Success Strategies for Well-Funded Pension Plans," found that one of the best ways to achieve financial health is a commitment to fully fund annual contributions. Of course, that's easier said than done.
Still, the average funded ratio for the healthiest plans highlighted by the center ranged from 87.6 percent to 99.8 percent. By comparison, the average funded ratio of the largest 150 public pension plans in 2012 was 72 percent.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
