Public Plans Database Snapshot

A new analysis finds that through the first quarter of 2021, state and local retirement plans have accumulated assets of $5 trillion in defined benefit (DB) pension plans and $531 billion in defined contribution (DC) plans. Despite the early economic disruption of the COVID-19 pandemic, the average funded ratio among state and local pension plans has held steady at 72% for plans included in the Public Plans Database (PPD).

These findings are contained in new research from MissionSquare Research Institute (formerly the Center for State and Local Government Excellence at ICMA-RC), “Public Plans Database – Snapshot as of September 2021.”