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| State and Local Pension Plans Funded Status Holds Steady Despite Pandemic MissionSquare  Sept. 23, 2021 "[T]hrough the first quarter of 2021, state and local retirement plans have accumulated assets of $5 trillion in defined benefit (DB) pension plans and $531 billion in defined contribution (DC) plans. Despite the early economic disruption of the COVID-19 pandemic, the average funded ratio among state and local pension plans has held steady at 72% for plans included in the Public Plans Database (PPD)." |
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