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Public pensions continue to see improvements in fiscal performance as average funded ratios, which refers to the calculated average percentage of a group of pension plans’ assets compared to their total liabilities, reached a five-year high of 83.1%, according to the National Conference of Public Employee Retirement Systems’ 2025 Public Retirement Systems Study: Trends in Fiscal, Operational and Business Practices.
Conducted annually since 2011, the Public Retirement Systems Study serves as a key resource that helps public pensions benchmark their performance and provides valuable insights into public sector retirement trends and includes insights from over 200 public pensions collectively managing $3 trillion in assets on behalf of more than 17 million state and local public servants.
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