Investment Update: How Do Public Plans Value Their Assets?
Jean-Pierre Aubry and
Kevin Wandrei
State and Local Pension Plans Briefs from Center for Retirement Research
Abstract:
Public pension funding is the product of two key factors: required contributions and investment returns. Since higher returns reduce the burden of contributions (on plan sponsors, participants and, ultimately, taxpayers), achieving adequate retu rns is critical to funding future benefits. This brief provides an update on the investment performance of U.S. public pension plans since 2001 and introduces new Governmental Accounting Standards Board reporting on the fair value methods of pension pla n assets.
Pages: 6 pages
Date: 2019-09
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