Industry News

Recently, the National Association of State Retirement Administrators (NASRA) updated their infographic, Fast Facts & Helpful Resources on State and Local Government Retirement Systems. The infographic highlights key facts and trends for state and local government retirement systems. It provides information on the national impact of public pension coverage and distributions; public plan governance, oversight and transparency; pension plan reforms by state; fund assets and investments; risk-sharing in public retirement plans; as well as other relevant topics. 

Some key facts include:

• In public pension trusts, $6.7 trillion in assets are professionally invested in diversified, long-term portfolios in the financial marketplace.
• Nationally, about 15.3 million firefighters, police officers, teachers and other public workers in all states and districts are covered by public plans to help provide retirement security and decrease turnover and training costs.
• Annually, about $405.5 billion in economic stimulus is distributed to 12.4 million retirees in all U.S. cities and towns (with an average benefit of $2,719 per month). 

In addition, the infographic provides links to NASRA’s previously published issue briefs and other publications for each of the topics included in the resource document. 

The infographic is available here.