Nearly every state enacted pension reform between 2009 and 2014
An unprecedented number of changes were made to public pension plans during the period 2009-2014. Nearly every state enacted changes modifying employee contribution rates, eligibilty requirements and/or benefit levels. Despite widespread reforms only a handful of states changed plan design, and most retained key elements of their existing plan design. (Significant Reforms to State Retirement Systems)
Investment income is the primary source of public pension revenue
For the 30-year period 1985-2014, investment returns accounted for over 60 percent of all state and local pension revenues. Employer contributions accounted for approximately 25 percent, and employee contributions were around 12 percent. (Contributions @NASRA.org)
States and local governments employ fewer people today than in 2008
At the end of 2015, states and local governments employed more than half a million fewer workers than in 2008. Although states and local governments have slowly increased hiring since 2013, the rate of growth in state and local employment has been much slower than in the other sectors of the economy. Employees of state and local government now account for 13.7 percent of all employment in the US, down from 14.5 percent in 2008. (Employment @NASRA.org)
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, which is maintained by NASRA. 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. The Summary of Findings for fiscal year 2014 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.
Public Plans Data Individual and aggregated data on 150 state and local pension plans. Joint venture of The Center for State and Local Government Excellence, the Center for Retirement Research at Boston College, and NASRA. Read the press release; access the database.