Public pensions contend with falling markets and rising inflation

Aubry, Jean-Pierre. “Public pensions contend with falling markets and rising inflation”. Issue in Brief 22-13, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, August 2022. http://hdl.handle.net/2345/bc-ir:109543.
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Abstract

The brief's key findings are: (1) FY 2022 has been hard for state and local pension plans, with large investment losses and rising outlays due to inflation. (2) The aggregate funded ratio fell from 78 percent to 74 percent, negating much of the gains from the previous year. (3) The impact of rising inflation on pension finances, though, has been muted by limits to plans' cost-of-living adjustments (COLAs). (4) However, the flip side of limited COLAs is less inflation protection for retirees, especially those not covered by Social Security.

Title
Public pensions contend with falling markets and rising inflation
Author
Aubry, Jean-Pierre
Center
Center for Retirement Research
Genre
report
Date Issued
August 2022
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
22-13
Persistent Link
http://hdl.handle.net/2345/bc-ir:109543
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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