The aggregate US public pension plan funding level in 2005 was down 1% from 2004, according to a new report. In its summary of survey findings, the National Association of State Retirement Plan Administrators said that, after four years of declines, public pension funding levels are expected to increase in 2006. As funds incorporate more of the investment gains they have experienced since equity markets began rising in March 2003, actuarial asset values will rise, and are projected to exceed liability growth in FY 06, with the result being an improvement in funding levels, the summary said. The survey found that 78 of the 117 plans studied (66.7%) are funded at 80% or higher. The median funding level for the 117 plans is 84.9%. The median funding level has declined from around 100% in fiscal year 2001 to 85% in fiscal year 2005.
Funding Of US Public Pension Plans Improving, Survey Finds
The aggregate US public pension plan funding level in 2005 was down 1% from 2004, according to a new report. In its summary of survey findings, the National Association of State Retirement Plan Administrators said that, after four years of