The Federal Reserve reported that as of Q2 2013, state and local defined benefit assets are $3.6 trillion, which is held in trust for 15 million working and 8 million retired employees of state and local government. The pre-recession high was $3.2 trillion. (Economic Indicator News)
A cash balance plan marries elements of traditional pensions with individual accounts into a single plan. Texas Municipal Retirement System has had one in place since 1947. (Issue Brief, Sept. 2013)
Public Fund Survey More than 85 percent of all state and local government pension assets and members in the U.S. are represented in the Public Fund Survey. Survey data is taken primarily from retirement system annual financial reports, and also comes from actuarial valuations, benefits guides, and interviews with retirement system staff members. It is intended to promote sound public retirement system policies and administration by increasing transparency and understanding of the public retirement system community. Public Fund Survey is a joint venture of NASRA and the National Council on Teacher Retirement. The database requires separate login; the Summary of Findings is available here.
Roll Call Capturing notable events and developments in public retirement systems from reports since 2005, Roll Call is a perennial highlight of the annual conference. Members can view the most recent report as well as see previous years; login and then access it here.
Wondering about members-only content? NASRA offers members access to data and surveys which is collected for the Annual Conference and at the request of other members. Retirement system directors and their staff can login to view these pages; for instructions on adding staff, click here. Associate members, and up to four of their colleagues, can also view the content; click here to find out how to add colleagues. If your firm provides service to public retirement systems and you wish to learn about joining NASRA, visit the Membership page. Questions? Contact us.