National Association of State Retirement Administrators


Fast Fact

Public pension assets at new high

The Federal Reserve reported that as of June 30, 2014, state and local defined benefit assets are $3.70 trillion, which is held in trust for 15 million working and 8 million retired employees of state and local government. This represents a one-year increase of $323 billion, or 9.6%. (Economic Indicator News)

Many states have lowered their investment return assumption

Among the largest 126 public retirement plans, more than one-half have reduced their investment return assumption since fiscal year 2008. The average return assumption is 7.72%. (Issue Brief, April 2014)

More public employees are contributing

Since 2009, 36 states have increased required employee contribution rates. (Issue Brief, Jan. 2014)

 

Research Center

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.

What's New

Significant Reforms to State Retirement Plans Although Since the Great Recession, nearly every state has taken steps to modify their public pension plans including changes in cost-of-living adjustments, employee contributions and plan design. Read more.