State pension funding rises to 75 percent, Wilshire says

U.S. state pensions driven by a booming stock market continued to recover last year, up 3 percentage points from 2012,

By Darrell Preston | Updated on March 05, 2014

March 5 (Bloomberg) — U.S. state pensions driven by a booming stock market continued to recover last year as the value of their assets rose to 75 percent of liabilities, up 3 percentage points from 2012, according to Wilshire Consulting.

The funding level was the highest since 2008, when it reached 81 percent, according to data on 134 state retirement systems compiled by Santa Monica, California-based Wilshire. The 10-year peak was 95 percent in 2007, while the low was 64 percent in 2009.

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