Under a new proposal, 6% in new contributions would be made by the country’s employers to sustain retired citizens above the poverty line.
The board at OPERS voted to reduce medical benefits to avoid collapse by 2030.
Level rises to 85.8% for corporate plan funding, Aon says.
Plan aims to eliminate the state retirement system’s $6.6 billion unfunded liability.
Plans returned 1% for quarter, 4.58% for year, says Wilshire Trust Universe Comparison Service.
Guy Opperman insists plan trustees must ensure that investment managers employ ESG tenets.
Bank wants enough onshore solar and wind energy to power an Oxford-sized area.
Association says study on public pension funding was ‘contrived’, and ‘cherrypicked’ data.
Although smoothing rates suggest single-employer pension plans have been fine, future restrictions could cause issues.