State Pensions See Bump in Funded Status

Source: Tara Cantore, Plansponsor.com, March 5, 2012

Wilshire‘s 2012 Report on Funding of State Retirement Systems shows an increase in the funded status of plans.

Wilshire Consulting estimates, of the 126 state retirement systems included in the study, the ratio of pension assets-to-liabilities, or funding ratio, for the plans was 77% in 2011, up from an estimated 69% in 2010. Wilshire states this improvement in funding ratio was fueled by strong global stock market performance in the twelve months ending June 30, 2011. Growth in fund assets managed to outpace growth in plan liabilities over fiscal 2011.

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