Certain mortality projections would increase life expectancy by2.3 years and reduce the funded ratio of the nation’s publicpension plans to 67 percent.
That’s according to a just-out brief from the Center for Stateand Local Government Excellence, “HowWill Longer Lifespans Affect State and Local Pension Funding?”which concludes that, while the impact of longer lives is notexactly a positive for funds, there’s no imminent threat to pensionfunding levels.
It explores what public plan liabilities and funded ratios wouldlook like under two alternative scenarios:
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.
