While many public service employees face financial struggles, state and local employers are well-positioned to strengthen the financial security of the public workforce via key benefit offerings.

National data sources illustrate the current state of public service financial and retirement security and how that relates to state and local government compensation and benefits.

The latest data from the Public Plans Database shows stability in 2021 funded ratios, as well as long-term trends in alternative investments, required contributions, and active participants.

Survey infographic offers insights into the role employer retirement and other benefits can play in reducing workers’ anxiety and helping them achieve financial security.             […]

Analysis of how public sector retirees draw down their retirement savings

Public Plans Database (PPD) analysis indicates that the funded status of state and local pension plans nationwide has improved to 75.4% in 2021, up from 72.2% in 2020. The funded […]

As employers across the nation face unprecedented labor shortages, new research finds that benefits offered by state and local governments can help attract and retain workers even amidst the Great […]

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).

A new analysis of local public pension plans indicates that despite the ongoing COVID-19 pandemic and economic downturn, local government pension plans will see virtually no change in their average […]

A new analysis of state and local public pension plans indicates that these retirement plans will end fiscal year 2020 with negative annual investment returns, reduced asset values, lower funded […]

A new issue brief highlights changes in local government retirement plans as compared to state plans with respect to shifts away from traditional defined benefit structures. The key findings are: In […]

As many state and local governments face inadequate funding levels for retiree healthcare obligations, a new report offers policymakers with a guide to individual Medicare marketplaces.