Strong investment returns and better funding are contributing to a rebound for public pension finances, Bloomberg reported. Gains also are being driven by limits on cost-of-living adjustments, delayed retirement and more reliance on funding from workers, according to Keith Brainard, research director of Lexington, Kentucky-based National Association of State Retirement System Administrators, at a May 2 online conference sponsored by the Denver-based National Conference of State Legislatures. Things are improving for most, Brainard said, adding, We expect to see broad improvement in pension funding conditions.
Public Pension Finances Improving
Wednesday, June 11, 2014