State Pension Plans Lose Ground

Publication: The Wall Street Journal

Author: Jeannette Neumann and Michael Corkery

04/26/2011 - The funding gaps at some state pension plans widened in fiscal 2010, though strong investment returns prevented the situation from deteriorating even more, according to a new study by the Pew Center on the States.

On average, state pension plans had 75% of the assets needed to cover the long-term benefits owed to government workers, based on fiscal-2010 data from 16 states obtained by Pew. That was down from 77% in those states in fiscal 2009.

Read the article State Pension Plans Lose Ground on the Wall Street Journal Web site.

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