The gap between poorly funded pension plans andstrongly funded ones is greater than in the past, says a newstudy.
For the past nine years, revenue growth and strong investmentreturns have helped state pension plans. However, the gap betweenpoorly funded plans and strongly funded ones “has never beengreater,” according to the Pew Charitable Trusts, coming in at more than$1 trillion for all 50 states.
While the Great Recession brought investment losses to plans inall 50 states, Pew's research indicates that “the eight states withthe best-funded retirement systems rebounded and were, on average,95 percent funded by 2017.”
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
