Some states have worse retirement funding than others. (Photo: Shutterstock)
Some states' retirement plans are in trouble. Well, quite a few of them, actually. And for some of the least well off, the situation isn't getting any better, by a long shot.
In 2015, state governments spent nearly $39 billion—approximately $120 per capita—on retirement funding. And the decades-long arguments over how to fund and distribute pension funds for state government employees has become even more of a flashpoint than in the past, before the Great Recession took its toll on funds already set aside and both state governments and fund managers sought more urgently to bring in higher returns, lest the plans run out of money.
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.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
