Alicia H. Munnell

The brief’s key findings are: Since 2001, the aggregate funded status of local pension plans has lagged behind that of state plans, but the gap …

The brief’s key findings are: Bond rating agencies have begun accounting for public pension funding and have cited pensions in several downgrades. As a result, …

The brief’s key findings are: In 2016, the funded ratio of state and local pensions declined under both old and new accounting rules. This decline reflected steady …

The brief’s key findings are: Public pension plans have boosted their holdings in alternative assets, defined as private equity, hedge funds, real estate, and commodities. This shift …