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View More Press Releases by Center for State and Local Government Excellence

Press release:

What Do We Know About the Universe of State and Local Plans?; Center for Excellence Publishes New Issue Brief

Issued by: Center for State and Local Government Excellence

Date: Mar. 3, 2008

WASHINGTON, Feb. 28 -- The Center for State and Local Government Excellence has issued its fourth issue brief in a series. What Do We Know About the Universe of State and Local Plans? The brief, which was written by Alicia H. Munnell, Kelly Haverstick, Mauricio Soto, and Jean-Pierre Aubry of the Center for Retirement Research at Boston College, examined U.S. Census data to discover:
  • State-administered retirement plans account for only eight percent of total plans, but 88 per cent of the active members and 82 percent of the assets.

  • Local plans have more assets per worker, probably because they often cover police and firefighters.

  • Returns in public plans are higher than private plans because they are larger and invest more of their assets in equities.

A copy of the full brief, is available online.

About the Center for State and Local Government Excellence

The Center for State and Local Government Excellence helps state and local governments become knowledgeable and competitive employers so they can attract and retain a talented and committed workforce. The Center identifies best practices and conducts research on competitive employment practices, workforce development, pensions, retiree health security, and financial planning. The Center also brings state and local leaders together with respected researchers and features the latest demographic data on the aging workforce, research studies, and news on health care, recruitment, and succession planning on its website, http://www.slge.org.

View More Press Releases by Center for State and Local Government Excellence


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