Risks In Public Pension Funds Still Large

Source: Donald Boyd and Yimeng Yin, presentation to the National Conference of State Legislatures Legislative Summit, in Chicago, Session: The State of State Pension Funding and Underfunding, August 10, 2016

State and local public pension funds are underfunded and exposed to big risks despite recent reforms and increases in annual public contributions to the funds. Current stress varies among states, but many states rely on risky equities to sustain their funds. Donald Boyd and Yimeng Yin describe these and other findings in their August 10th presentation to the National Conference of State Legislatures Legislative Summit, in Chicago.