At lowest funded US public pension fund, the same percentage of active worker payrolls will not net the same level of contributions as in the past.
Controversial 2017 contribution of $3.5 billion in company shares to the retirement program apparently was divested, long before the current share-tanking mess.
Retirement systems will struggle with meeting their required contribution targets, Pew report says.
Under a new proposal, 6% in new contributions would be made by the country’s employers to sustain retired citizens above the poverty line.
Large company plans gain a point, to 87%, Willis Towers Watson says.
Increased contributions and stress tests are key to Hawaii’s financial health.
Study finds public pensions added $137.3 billion to state and local coffers in 2016.