How poorly funded are the nation’s public pensions at the state and local level?
The answer depends on whom you ask and is largely dependent on the discount rates states use to assess the cost of future liabilities.
Discount rates, or the assumed rate of return on investments, are set by plan trustees and vary by pension.
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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.
