US State Pension System Deficit Hits Record High in 2016
Report suggests states assume annual returns of 6.5% for the next decade.
Report suggests states assume annual returns of 6.5% for the next decade.
The so-called $20 billion club’s pension funded status rises to 84.4%.
CEO says plan is ‘in discussions with several organizations and employee groups’ about joining the fund.
Discount rates decreased by 3.56%.
Strong Q4 equity markets boost funded status ratios across the board.
Willis Towers Watson cites strong stock market performance and significant employer contributions as reasons for growth.
American Legislative Exchange Council says funding gaps are larger than what is being reported.
2050 pensioner-to-worker ratio will be 1:1.3, official says.
Interest, new benefit accrual boosts total pension liability to almost $5 trillion.
Funded status of 100 largest US corporate pension plans grows to 84.7%.
Despite fluctuations, the largest pension plans ended 2016 with their funded ratios little changed.