Pensions

Funding levels fell for public pension plans in fiscal 2016

WASHINGTON — Funding levels for state and local pension plans fell to an average of 74% in fiscal 2016, two percentage points lower than the year before, the Center for State and Local Government Excellence found in a report.

The report covers a database of 170 state and local government pension plans that include about 95% of state and local workers who have pensions.

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