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2015 Report on the Funding of State and Local Pensions: Most Public Pension Plans Have Improved Their Funded Status
Center for State & Local Government Excellence 
June 18, 2015
"Most plans have improved their funded status in 2014, with the ratio of assets to liabilities increasing from 72 percent in 2013 to 74 percent in 2014.... Going forward, assuming plans achieve their expected rate of return, the plans should be 81 percent funded in 2018. If returns are lower, as predicted by many investment firms, funding will stabilize at about 77 percent."
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