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US Public Pensions’ Funded Ratio Soars to Record in Q4 The number of plans with funded levels above 90% nearly doubled during the final quarter of 2020. The 100 largest public pension plans in the US saw their aggregate funded level surge throughout the year from a low of 66% in the first quarter to end 2020 at 78.6%. It is the highest ratio recorded by the Milliman 100 Public Pension Funding Index (PPFI) since it launched in 2016. The plans ended the year with highs for both assets and liabilities, with their estimated funded status increasing from 72.6% at the end of September, while their aggregate deficit shrank to $1.178 trillion at the end of December from $1.5 trillion at the end of September. Despite the strong end to the year, Milliman cautions that the extent to which the pandemic will impact plan sponsors’ ability to fund public pensions remains uncertain.

Becky sielmanPension funding indexPublic pension funding studyFourth quarterFunded ratioஓய்வூதியம் நிதி குறியீட்டுபொது ஓய்வூதியம் நிதி படிப்புநான்காவது காலாண்டுநிதியுதவி ரேஶியோ