Public Pension Funded Levels Improve Amidst Rising Interest Rates

by and

The brief’s key findings are:

  • Since 2019, financial markets have seen unusual turmoil, most recently a sharp rise in interest rates to curb high inflation.
  • Despite volatile asset values, the funded status of state and local pension plans has risen about 2 percentage points since 2023, and 5 points since 2019.
  • That is, the strong performance of other asset classes has more than offset the impact of rising interest rates on fixed-income assets.

Would you like to take a short survey about the Public Plans Data website?

Yes, take me to it.       No, thanks.      Not now, but ask me later.

Step 1 of 2