The Center for State & Local Government Excellence, together with the Center for Retirement Research at Boston College, published a brief on the funded status of local and state public pension plans.

“Public pension plans are a key component of the fiscal health of state and local governments, holding just over $4 trillion in assets for 20 million active and retired public sector employees,” the brief reads. “The aggregate funded ratio for state and local pension plans – i.e., the ratio of assets to liabilities – increased sharply in the 1990s on the back of a booming stock market, declined steadily from 2001 to 2011 as plans struggled through two financial downturns, and has remained relatively steady since 2012.”

Read the full brief at SLGE.org.

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This article quotes selections from “Update on the Funded Status of State and Local Pension Plans – FY 2018” published by SLGE.org in October 2019.