The median funding ratio for state-sponsored pension plans was71.5 percent in 2014, virtually unchanged from the previous year,according to Fitch Ratings.
While several years of strong stock market gains have helped tooffset pension liabilities, funding levels remain well belowpre-recession levels, in part because fewer government workers arebeing hired as more retire, meaning fewer lives available to payinto plans, according to Fitch.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
