The State of Public Pension Plans
Funding Statuses Improve, but Challenges Remain
In 2024, public pension plans continued to be a critical component of retirement security for millions of individuals. While these plans have made strides in closing the funding deficit over the last two fiscal years, public pension plans face persistent challenges, including strained financial budgets, demographic shifts and other factors. As we approach year-end, it is helpful to explore the current state of public pension plans, highlighting key issues and challenges…
