The brief’s key findings are: To improve the funded status of state and local pensions, many plan sponsors have cut benefits, particularly for new hires. …
Jean-Pierre Aubry
July 18, 2018
April 17, 2018
Issue Brief
How Have Pension Cuts Affected Public Sector Competitiveness?
by Laura Quinby, Geoffrey T. Sanzenbacher and Jean-Pierre Aubry
December 21, 2017
Issue Brief
The Funded Status of Local Pensions Inches Closer to States
by Jean-Pierre Aubry, Caroline V. Crawford and 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 …
October 24, 2017
Issue Brief
How Have Municipal Bond Markets Reacted to Pension Reform?
by Jean-Pierre Aubry, Caroline V. Crawford and Alicia H. Munnell
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, …
August 1, 2017
Issue Brief
State and Local Pension Plans Funding Sputters in FY 2016
by Jean-Pierre Aubry, Caroline V. Crawford and Alicia H. Munnell
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 …
July 5, 2017
Issue Brief
A First Look at Alternative Investments and Public Pensions
by Jean-Pierre Aubry, Anqi Chen and Alicia H. Munnell
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 …
January 3, 2017
Issue Brief
State and Local Pension Reform Since the Financial Crisis
by Jean-Pierre Aubry and Caroline V. Crawford
The brief’s key findings are: Since the financial crisis, 74 percent of state plans and 57 percent of large local plans have cut benefits or …