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Why Some Public Pensions Could Soon Look Much Worse
Governing Link to more items from this source
Mar. 19, 2015

"Thanks to new pension accounting rules put forth by [GASB], Kentucky, along with a handful of other plans, has been forced to lower its discount rate ... [In an] analysis of 80 pension plans that had comparable data available, about one-third adjusted their discount rate downward but just nine plans in four states lowered it by more than a half-percentage point.... In New Jersey, pension liabilities for the state employee retirement plan increased 55 percent. While the aggregate average plan saw a boost in its funded ratio of 4 percentage points, New Jersey's funded status fell by nearly one-fifth to 28 percent."

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