Average public pension plan investment return assumption falls below 7.0 percent
Among 131 plans measured, more than half have reduced their investment return assumption since FY 20, resulting in a decline in the average investment return assumption below 7.0 percent. This is the lowest level in more than 40 years. (Latest Investment Return Assumptions, NASRA)
Combined value of public pension assets exceeds $5.8 trillion
As of the fourth quarter of 2021 (December 31), the Federal Reserve reports that public pension assets were a reported record $5.85 trillion, an increase of 3.7 percent, from $5.64 trillion as reported for the prior quarter and higher than the same quarter one year ago by some $710 billion, or 13.8 percent. (Public pension assets, NASRA)
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
Public Fund Survey Summary of Findings Maintained and published annually by NASRA since 2001, the Survey is a narrative description and analysis, accompanied by graphics, that describes and presents current and trending vital financial, actuarial, and demographic statistics about public retirement systems. Access the latest summary here.
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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