Pension Reform News: State pension debt forecast, risky public …

Sep 26, 2023 · Based on an estimated annual investment return of 7% for public pension plans, Reason Foundation forecasts the 118 state pension systems analyzed have $1.3 trillion in …

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Pension Reform News: State Pension Debt Forecast, Risky Public …

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Sep 26, 2023 · Based on an estimated annual investment return of 7% for public pension plans, Reason Foundation forecasts the 118 state pension systems analyzed have $1.3 trillion in …

reason.org

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State Pension Debt Totals $1.3 Trillion—Report - Heartland Daily …

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Oct 19, 2023 · Newly released forecasting by the Pension Integrity Project indicates that state pension systems will likely remain at historically high debt levels. Based on an estimated …

heartlanddailynews.com

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Illinois State Pension Debt Climbs To $144B

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Dec 16, 2024 · Statewide pension debt has grown to $143.7 billion from $142.2 billion in the past year, according to a new report from the state legislature’s Commission on Government …

illinoispolicy.org

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Reversal Of Pension Benefit Actions Could Pressure State Liabilities

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Oct 21, 2024 · These changes increase the net present value of state and local pension benefits by over $4.3 billion, but Fitch expects that New York's long-term liability burden will remain low …

fitchratings.com

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Forecast: State Pension Debt Totals $1.3 Trillion At The End Of 2023

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Sep 26, 2023 · Newly released forecasting by the Pension Integrity Project indicates that state pension systems will likely remain at historically high debt levels. Based on an estimated …

reason.org

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NJ Budget: Pension Payment Takes Up 15% Of $45B Proposed …

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Feb 23, 2021 · According to New Jersey's latest debt report as of June 2019, the state's outstanding pension liability is $93.7 billion — what it would cost if New Jersey had to fully …

northjersey.com

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Pensions Got A Boost From Strong Markets In 2024, But

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6 days ago · Pensions notched an average annual return of 10.3% in 2024, higher than the projected 6.87%, according to a new report from Equable Institute, a think tank focused on …

investopedia.com

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French Premier Bids To Break Budget Impasse With Concessions

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14 hours ago · Bloomberg Economics estimates that halting the reform could create a 1.2% hit to GDP by 2050 and lift the debt ratio by almost 15 percentage points. The 2023 pension reform, …

yahoo.com

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#MicroStrategy Hits 446,400 BTC Despite Stock Slump - YouTube

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MicroStrategy now holds 446,400 BTC worth $42B, doubling down on its Bitcoin strategy even as MSTR stock drops 36% from its all-time high. Will Saylor’s bold...

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FAQs about Pension Reform News: State pension debt forecast, risky public … Coupon?

How much money does a state pension system have in unfunded liabilities?

Based on an estimated annual investment return of 7% for public pension plans, Reason Foundation forecasts the 118 state pension systems analyzed have $1.3 trillion in total unfunded liabilities at the end of the 2023 fiscal year. ...

Which Retirement Systems grew the pension debt?

These increases were driven primarily by members of the three largest systems – the Teachers’ Retirement System, the State Employees’ Retirement System and the State Universities Retirement System. Across all five systems, salary gains grew the pension debt $1.15 billion dollars. ...

Which states have the most unfunded pension liabilities in 2023?

Illinois and New Jersey are also forecast to have over $100 billion in unfunded liabilities at the end of 2023, followed by Texas with over $88 billion in public pension debt. In terms of funded rations, a pension plan’s assets as a percentage of its liabilities, the lowest-funded state is Kentucky. ...

How much debt does a state pension plan have?

In aggregate, state pension plans have reported mostly steady growth in unfunded obligations since the Great Recession of 2007-2009. In 2020, 2022, and now 2023, total state pension debt amounts were around the current level of $1.3 trillion, the highest total state pension debt ever seen. ...

Are state and local pension systems facing a funding crisis?

State and local pension systems across the country are facing a funding — and leadership — crisis, one that is unlikely to permanently improve without reforms. As of 2020, funding for such pensions was facing a shortfall of at least $1.5 trillion. ...

Why is state pension debt growing?

Pension debt for five statewide public employee pension systems, 2003-2024. The debt has been continuously climbing for the past three years. Investment returns helped, but they were not enough to stop the debt from growing. More state employees retired, more lived longer and they retired at higher-than-expected salaries to keep the debt growing. ...