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Local Government Pension Plan Funding Ratio Up 8%, Wilshire Says

Sept. 10 (Bloomberg) -- Local government pension plans saw an eight percent jump in their aggregate funding ratio from 2010 to 2011, Wilshire Associates said, citing its 2012 report on the funding of city and county pension plans.

The estimated ratio of pension assets-to-liabilities, or funding ratio, for all 106 city and county pension plans included in the study was 80 percent in 2011, higher than the 72 percent for all plans in 2010, said Russ Walker, vice president of Wilshire Associates, said today in a statement.

“Strong investment performance from early 2009 to the second quarter of 2011 fueled aggregate plan asset growth that outpaced the aggregate growth in plan liabilities,” Walker said.

To contact the editor responsible for this story: Will Daley at wdaley2@bloomberg.net

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