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Milliman analysis: Public pensions' funded ratio hits new high at 79.0% in Q1 2021


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SEATTLE, April 19, 2021 /PRNewswire/ Milliman, Inc., a premier global consulting and actuarial firm, today released the first quarter 2021 results of its Public Pension Funding Index (PPFI), which consists of the nation s 100 largest public defined benefit pension plans.
In 2021, public pensions have continued their strong recovery from a year prior, with the funded status of the Milliman 100 plans increasing to 79.0% as of March 31, up from 78.6% at the end of December 2020 and 66.0% in Q1 2020. The Q1 2021 funded ratio is the highest recorded in the history of Milliman s Public Pension Funding Study.
While 2021 has proven to be a strong year for public pensions so far, there are still lingering questions around the impact of the COVID-19 pandemic on these plans, said Becky Sielman, author of Milliman s Public Pension Funding Study. The past year has seen workforce volatility and strain on state budgets which could put ....

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Tucson borrows with certificates of participation to fund pensions

Tucson borrows with certificates of participation to fund pensions
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