2018 Public Pension Funding Study

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By Rebecca A. Sielman | 24 January 2019
The Milliman Public Pension Funding Study annually explores the funded status of the 100 largest U.S. public pension plans. As of June 30, 2018, the aggregate funded ratio is expected to be 72.1%, with plan assets earning slightly more than anticipated by the plans’ interest rate assumptions. Nearly one half of the plans reduced the interest rate assumptions they use for determining contribution amounts. Adoption of more conservative assumptions added $73 billion to reported liabilities; plan changes shaved off $14 billion.