Update on the Funded Status of State and Local Pensions – FY2018
The funded ratio for public pension plans edged up slightly to 73 percent in fiscal year 2018. Additionally, research indicates that liability growth for the pension plans slowed dramatically from 2001 to 2018, but still exceeded asset growth over the period. This issue brief from SLGE and the Center for Retirement Research at Boston College illustrates trends seen through the Public Plans Database (PPD).
The PPD provides access to quick facts about public pensions at the national, state, system, and plan level, as well as a robust, searchable database on plan contributions, assumptions, and other variables.