Tag: public pension

Firefighter,Helmet,And,Protection,Coat,Hanging,In,The,Fire,Station

Abstract This paper uses a simulated public pension system to examine the sensitivity of actuarial input changes on funding ratios and contribution requirements.  We examine instantaneous and lagged effects, marginal and interactive effects, and effects under different funding conditions and demographic profiles.  The findings emphasize the difficulty of conducting cross-sectional analyses of public pension systems…

Scavenger,(local,Government,Staff),Sweeping,Leaves,On,Ground,With,Brick

The brief’s key findings are: Despite a strong stock market, the funded status of public plans in 2013 remained unchanged at 72 percent for two reasons: actuarially smoothed assets grew modestly; and CalPERS, one of the nation’s largest plans, significantly revised its reported funded ratio. An encouraging sign is that sponsors appear to be paying…