The funding status of locally administered plans

Munnell, Alicia Haydock, Kelly Haverstick, Jean-Pierre Aubry, and Alex Golub-Sass. “The funding status of locally administered plans”. State and Local Pension Plans 8, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, December 2008. http://hdl.handle.net/2345/bc-ir:104332.
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Abstract

The brief's key findings are: (1) Contrary to conventional wisdom, local plans are at least as well funded as state plans. (1a) Funding ratio: 85 percent for local plans vs. 84 percent for state plans. (1b) Making required contributions: 69 percent for local plans vs. 54 percent for state plans. (2) Despite this relatively positive outlook, some jurisdictions face serious shortfalls and a deteriorating economy may produce a gloomier picture going forward.

Title
The funding status of locally administered plans
Author
Munnell, Alicia Haydock
Haverstick, Kelly
Aubry, Jean-Pierre
Golub-Sass, Alex
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
December 2008
Publisher
Center for Retirement Research at Boston College
Series Title
State and Local Pension Plans
Series Number
8
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104332
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
State and Local Pensions

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