In a Forbes column, Dan Doonan writes that despite economic challenges, public pension plans in the U.S. have remained resilient. In fact, many plans remain at their highest funded levels in years, even with more conservative investment return assumptions.
The strength and resiliency of these retirement plans can be attributed, at least in part, to the implementation of changes stemming from lessons learned following the Great Recession. Yet, misinformation continues about the financial health of these retirement plans that provide economic security for state and local government workers like first responders and teachers.
Read the full column.