
Coronavirus - COVID-19
State Pensions Entered Pandemic in Worse Position than in 2008
Report finds ‘overly optimistic’ assumed returns are more than 2 percentage points higher than they should be.
However, Moody’s says strong 2017, 2018 returns will lead to a drop in liabilities.
NCPERS says pensions are resilient and shouldn’t be dismantled if underfunded.