3 Ways COVID Impacts Public Pensions

• The market
  • has stabilized and recovered March losses
  • is equal to 12 months ago
  • most plans use “smoothed” actuarial assumption over 12 months

• Funding ratios
  • have stabilized since 2016
• Return assumptions
  • over the next 10-20 years likely not reached

1 thing pension systems should avoid: Pension-contribution holidays

Governing | Public Pensions and the COVID-19 Fiscal Dilemma