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Content Type: Data

Do Pensions Own Alternative Investments? How Valuation Risk Affects Pension Stability

By David Tony

State and local public pensions hold $1.9 trillion in alternative investments, with $1.6 trillion tied to valuation-priced assets like private equity and real estate. Because these assets rely on internal pricing models rather than live markets, pension funds face significant “valuation risk.” Explore how overstated asset valuations can skew reported funding levels and threaten long-term pension stability.

Pension Contributions by State 2026

By David Tony

In 2026, state and local employer pension contribution rates reached a historic high of 31.8% of payroll. However, less than a third of those contributions fund new retirement benefits. The vast majority goes toward paying down accumulated pension debt. Explore key national trends, state-by-state contribution rates, and the impact of Social Security coverage.

Unfunded Liabilities for State & Local Pension Plans in 2026

By David Tony

US public pension unfunded liabilities dropped to $1.13 trillion in 2026, marking the lowest shortfall since 2021 as national funded ratios reached 85.0%. Equable Institute’s 2026 analysis highlights the nation’s best and worst funded public retirement plans, comparing pension debt against state GDPs.

The Health of K-12 Teacher Retirement Systems in 2026

By David Tony

With funded ratios projected to reach 84.9% in 2026 — the highest level since 2007 — K-12 pension plans show strong signs of recovery. However, rising debt payments and an increased reliance on private capital mean critical valuation risks remain. Here is a look at what is driving the rebound and what to watch next.

Public Pension COLAs in 2023

By admin

A key feature of defined benefit pension plans is that they offer guaranteed income for life. But unless the purchasing power of that income keeps […]