FAQ: Understanding the Social Security Fairness Act
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On Jan. 5, 2025, President Biden signed the Social Security Fairness Act, that eliminated the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO). This […]
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Pension Plan Funded Ratio Rankings 2024
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The funded status for state and local pension plans improved in 2024, propelled forward by solid financial market performance. Yet, public pension plans are still […]
Public Pension Debt Paralysis Persists
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State and local governments paid a record amount into their public retirement systems in 2023 — 30.4% of the salaries paid to public workers, or […]
State of Pensions 2024
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Which Pension Funds Could Be Affected by the Forced Sale of TikTok?
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There are at least 21 state and local public pension funds that could be affected by the recently approved law forcing a sale of TikTok. […]
Teacher Pension COLAs in 2023
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A key feature of teacher pension plans is that they offer guaranteed income for life. But unless the purchasing power of that pension income keeps […]
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 […]
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 […]
Instacart and Valuation Risk
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When the grocery-delivery service Instacart became a public company in September 2023 it meant the culmination of a decade-long investment for seven public pension funds. […]
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 […]