Parry Young
Parry Young
addition affect begin benefit changes factors fiscal improve include investment levels met number pension potential return risks
If pension investment return assumptions are met over the near-term, funded ratios may begin to stabilize or improve in fiscal 2006 and beyond. The risks to such a scenario, in addition to the potential for investment return shortfalls, include a number of factors that affect funding, such as changes in actuarial assumptions, benefit levels and demographics.
apex average combined effect fallen falling four funding june pension percent previous state surprising
It is not surprising that because of the combined effect of the double-whammy, falling assets/rising liabilities, average state pension funding levels, as of June 30, 2004, had fallen to approximately 84 percent of their previous apex four years earlier.