Perspective of 2009 vs 2010

Introduction

At the end of calendar year 2010, aggregate state and local government retirement system assets totaled $2.93 trillion, a 35 percent increase from their quarterly low point during the market collapse. These asset levels are also nearly 25 percent higher than they were on June 30, 2009 – a date on which many recent studies on the financial condition of state and local pension trusts are based. Since then, not only have investment returns rebounded sharply, but many states have adopted changes to benefit levels and financing structures that have positively impacted pension trusts.
 

Date published

April 2011

Contact

Keith Brainard, Research Director
Jeannine Markoe Raymond, Director of Federal Relations
Leigh Snell, Director of Federal Relations, National Council on Teacher Retirement

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