State and Local Pension Funds 2022 - Hoover Institution

Mar 5, 2024 · This paper provides the status quo and trends of US state and local pension funds as of fiscal year 2022. Reported unfunded pension liabilities increased 46%, to $1.572 trillion, from the previous year. In contrast, the market value of the unfunded liability fell 21% due to …

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State And Local Pension Funds 2022 - Hoover Institution

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State And Local Pension Funds 2022 - SSRN

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Dec 27, 2023 · This paper updates the status of state and local pension funds as of the end of fiscal year 2022. Total reported unfunded liabilities increased to $1.572 trilli ... Hoover …

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States, Cities Tapped Surpluses To Fund Pension Contributions In 2022

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Those are the findings of a new white paper, "State and Local Pension Funds 2022," which reviews the performance of 648 pension funds making up 90% of all public pension assets in …

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RAI Research Seed Grant Program | Hoover Institution

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The Center for Revitalizing American Institutions (RAI) is accepting proposals for funding (up to $25,000) to support innovative research projects directly related to its mission that address key …

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FAQs about State and Local Pension Funds 2022 - Hoover Institution Coupon?

How much are unfunded public pension obligations worth?

Abstract: Unfunded public pension obligations represent the largest liability for state and local governments in the United States. As of fiscal year 2021, the total reported unfunded liabilities of these plans is $1.076 trillion. In contrast, the market value of the unfunded liability is approximately $6.501 trillion. ...

What is the market value of unfunded pension promises?

In contrast, the market value of the unfunded liability is approximately $6.501 trillion. As a result, the reported funding ratio of 82.5% falls to 43.8% under a market-based valuation. The market values reflect the fact that accrued pension promises are a form of government debt with strong statutory and contractual rights. ...

Are pension liabilities understated?

As a result, not only is the unfunded pension liability understated, but also the yearly pension cost for newly accruing liabilities. In order to achieve high returns, pension funds have accumulated large exposure to risky assets, in particular alternative investments, which results in highly uncertain investment returns. ...