The Center for State and Local Government Excellence has just released a new study by our colleagues at the Center for Retirement Research at Boston College detailing three segments of the pension outlook for state and local funds. Among its findings, it notes that funded ratios are not monolithic, with two-thirds of plans either in the range of 68 to 80 percent funded or 81 to 111 percent funded.
You can view the full report, or go directly to the Public Plans Database to see detailed information for plans across the US.
Workforce of the Future
The new SLGE Workforce of the Future report explores workforce trends, case studies, and detailed projections through 2026, including public safety, IT, clerical, management, and overall state and local employment. The focus is on strategies to manage change, such as:
- Seeking candidates who have diverse experiences and backgrounds.
- Focusing on how to get to “yes” with other agencies and departments.
- Examining business processes to find efficiencies.
Click here to download the report or view the related webinar.
SLGE has redesigned its website to improve navigation to research of interest, further incorporate social media links, and improve search capabilities. Visit the new SLGE.ORG to see what resources you can apply next.
Public Plans Database Updates
The Public Plans Database is updated several times each year, with the most recent data posted in September to reflect state and local plans that release CAFRs and asset valuations as of June 2018. This includes new detailed investment data for 180 public pension plans from 2001-2017. You can view data in the aggregate, by state, or for specific funds.
The new Workforce of the Future report was featured in recent articles in U.S. News & World Report, Route Fifty, and the Virginian-Pilot, while the Microsoft Industry Blog has reported on our survey data on retirement trends, and EfficientGov linked to SLGE flextime data.
The new pension funding report has generated coverage from Pensions & Investments, PlanSponsor, and Chief Investment Officer.