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Trends in pension funded status for state and local plans

Public pension plans that are locally administered are catching up to state plans in funding levels, the Center for Retirement Research finds.

By Marlene Y. Satter | Updated on January 04, 2018
Public pension plans that are locally administered are catching up to state plans in funding levels, the Center for Retirement Research finds. (Photo: Shutterstock)

Locally administered public pension plans, which had lagged behind state plans in funding levels, are making some progress, gradually closing the gap between the two.

That’s according to a brief from the Center for Retirement Research at Boston College. In its last comprehensive review of locally administered plans’ funded status compared with that of state plans, conducted in 2011, state plans were better funded with local plans trailing.

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