Nova 401(k) Associates
Atlantic Pension Services Inc
The Retirement Plan Company (TRPC)/an ABG firm
Compensation Strategies Group, Ltd.
Nicholas Pension Consultants
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|The Funding of State and Local Pensions: 2014-2018|
Center for Retirement Research at Boston College
June 23, 2015
"During 2014, public plans adopted new accounting standards for reporting purposes but continued to use the traditional standards for funding purposes. The traditional funded ratio rose from 72 percent in 2013 to 74 percent in 2014 -- the first improvement since the financial crisis. Required contributions continued to climb in 2014, but plans stepped up their payments from 82 percent to 88 percent of the required amount. The outlook for the next several years suggests continued steady improvement in funding unless plans experience lower than assumed asset returns."
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