Knowledge Network

The Funding of State and Local Government Pensions: 2009-2013

by Center for State and Local Government Excellence

Download: The Funding of State and Local Government Pensions: 2009-2013
(PDF, 1,302 Kb)

The brief's key findings are:

State and local plans, which were headed toward full funding, were knocked off track by the financial crisis.
Their funding ratio dropped to an estimated 78 percent in 2009 from 84 percent in 2008.
Funding will likely continue to decline to 72 percent by 2013.
Reversing this decline will be difficult, as plans face constraints in increasing revenues from either employee contributions or taxes.