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The Funding of State and Local Pensions: 2013-2017
Center for Retirement Research at Boston College, via Center for State & Local Government Excellence Link to more items from this source
June 5, 2014
"Despite a strong stock market, the funded status of public plans in 2013 remained unchanged at 72 percent for two reasons: actuarial smoothed assets grew modestly, and CalPERS, one of the nation's largest plans, significantly revised its reported funded ratio. Funded levels among plans vary significantly. An encouraging sign is that many sponsors appear to be paying a larger share of their annual required contribution. There is slight improvement in 2013 at the top: 6 percent are 100 percent funded or better; 28 percent are more than 80 percent funded. Going forward, the funded ratio is projected to gradually move above 80 percent, assuming expected stock market returns."

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