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2021 Update: Public Plan Funding Improves as Workforce Declines
Center for Retirement Research at Boston CollegeLink to more items from this source
June 8, 2021

"While initial expectations for public pensions were low due to COVID, financial markets rebounded and municipal tax revenues were quite resilient. Yet one other COVID-related factor -- cuts to the state and local workforce -- impacted public pension finances in FY 2021. These cuts had little impact on funded status and required contribution amounts, but they do explain the rise in contribution rates, which are expressed as a share of lower payrolls."

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