Public Pension COLAs in 2023
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A key feature of defined benefit pension plans is that they offer guaranteed income for life. But unless the purchasing power of that income keeps […]
Audience: Policymakers
Pension Plan Funded Ratio Rankings 2023
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At the end of fiscal year 2023, the average funded ratio for American public pension plans was 78.1%. While this is a modest improvement over […]
STRS Ohio Needs More Money.
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Previous reforms to STRS Ohio have failed to adequately address persistent underfunding that threatens the income security of retired teachers and the budget stability of school districts.
The math is clear: more needs to be done.
Unfunded Liabilities for State Pension Plans in 2023
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Based on funded ratio, Tennessee, Washington, Utah, South Dakota, and Washington, D.C. have the best funded public pension plans in the United States, as of […]
Emerging Threats to America’s Public Pensions: Valuation Risk, Market Uncertainty, and Politics
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In 2023 and beyond, public pensions in the United States are entering an era of new threats and more uncertainty than ever before. The stagnant […]
State of Pensions 2023
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Underperforming investments usher in a return to the stagnant funding levels seen in the decade following the Great Recession.
Pot for Pensions? How Legal Cannabis Could Create a Brighter Future for Public Pension Funds
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There are 19 states that have legal retail markets for recreational cannabis as of the spring of 2023, and Maryland will become the 20th as […]
Hidden Education Funding Cuts: How Growing Teacher Pension Debt Stresses America’s K–12 Education Budgets
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How Indiana Reversed its Hidden Education Funding Cuts
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Coming Soon
America’s Hidden Education Funding Cuts
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Rapidly growing teacher pension debt has caused retirement costs to triple as a share of state and local education budgets since 2001, leaving less money to support […]