Median public pension plan investment return assumption falls below 7.25 percent
Among 130 plans measured, more than 50 percent have reduced their investment return assumption since FY 18, resulting in a median investment return assumption of 7.23 percent. This is the lowest level in more than 40 years. (Latest Investment Return Assumptions, NASRA)
Recession and market decline effects on public pensions
The recent drop in equity markets, accompanied by an economic recession that began in March 2020, will impact both public pension plans and their sponsoring governments. The effects of the market decline and recession will vary among pension plans and their sponsors, and will be affected largely by pension funds’ future investment performance and the recession’s actual effect on state and local government revenue collections. (See "Recession and market decline impacts on public pension plans")
Risk-sharing in public retirement plans
Nearly every state enacted significant reforms to its pension plans in recent years, and for many plans, one outcome is that more risk has been shifted from employers to employees through use of plan designs such as variable contribution rates, variable benefits, and hybrid plans, among other features. "In-depth: Risk Sharing in Public Retirement Plans" describes broad risk sharing features established in one or more public retirement plans, as well as detailed case studies on systems whose plan designs include unique or notable risk sharing features.
See Also: NASRA Video, "Introduction to Shared Risk in Public Pensions
Selected Industry Resources and Reports This page provides a listing of resources and reports, maintained by NASRA and other organizations, presenting information and data about the broad public pension community. Access the listing 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.
Retirement System Data Access the latest market values of assets, active members, and annuitants for over 140 state and local retirement systems here.
Member Survey Results NASRA member surveys cover a wide range of issues pertaining to retirement plan administration and policy. Survey results are available to NASRA members. Login and then access results, organized by topic, here.
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