Public Pension Finances Improving

Wednesday, June 11, 2014

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.”