Caddo RTA President, LRTA Member Featured in Local News Segment
June 27, 2019NEW Report: NIRS Releases Study on States that Switched Pension Plans
August 14, 2019Researchers from the PEW Charitable Trusts released their annual report summarizing their evaluations of pensions systems across the country. Their results are based off of the 2017 fiscal year. The report highlights the funding gap in each state’s pension systems caused primarily by the unfunded accrued liability (UAL) debt. Excellent return on investments has helped states to close the gap, but researchers suggest relying on investments is not enough.
The good news: Louisiana performed well in the net amortization metric. The four state pension systems (which include the Teachers’ Retirement System of Louisiana) are able to pay down the principal of the debt. Louisiana was one of 23 states that performed well in this benchmark. Louisiana tied with West Virginia for second place, with Alaska in the top spot.
To read the full report, click here.
Regards,
Rodney R. Watson
LRTA Executive Director