Tag: public sector

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Mitigating factors make adverse developments bearable. My colleague, JP Aubry, just released an update on the state of public pensions in the wake of falling markets and rising inflation. Despite the recent alarm about the impact of lower asset prices and higher inflation on pension finances, his assessment is relatively sanguine. Admittedly, fiscal year 2022 has been difficult…

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The brief’s key findings are: FY 2022 has been hard for state and local pension plans, with large investment losses and rising outlays due to inflation. The aggregate funded ratio fell from 78 percent to 74 percent, negating much of the gains from the previous year. The impact of rising inflation on pension finances, though,…