The State of Pensions in 2023: Even though the average funded status of the United State's public pension plans has marginally ticked up in 2023, most U.S. state and municipal plans continue to be fragile or distressed. Read more in our latest report: bit.ly/3FgKNVg

Today, Equable Institute released the Year-End Update to our annual report, State of Pensions 2023. While the year has trended more positively than 2022, the outlook for state and local pension funds is still fragile. Read the report: bit.ly/3tKGgbG

Prediction: CalPERS will report in the coming days that their preliminary investment return for 2024 is 8.64%. Next week we publish State of Pensions 2024, which reveals actual reported funded status for 2023 and forecasts financials for this year. Here's a preview:

Today, Equable released the 2024 edition of our annual report, State of Pensions. Public pension funds will see a funded ratio improvement in 2024, but unfunded liabilities remain paralyzed above $1 trillion. Read more here: bit.ly/3xNUL0t

Today, we released the October Update to State of Pensions 2024. We estimate unfunded liabilities will total $1.29 trillion for the 2024 fiscal year, compared to $1.63 trillion in 2023, as a result of strong market performance. Read the full update here: bit.ly/3U5Hl7Y

#PressRelease: CT’s Teacher #Pension Financing is Reinforcing #Inequity Read all about it here: bit.ly/3Z6QZKg #news #CTPensionSubsidy #CTPress

💡#NotSoFunFact: Connecticut's funding of teacher pension obligations favors wealthier, less diverse, and higher-performing public school districts.💡 Full report here: bit.ly/48RtIzf

On average, the highest performing districts in CT receive $764 more per student from the state to support teacher compensation. #CTPensionSubsidy Learn more: bit.ly/48RtIzf

WHO BENEFITS from the state’s inequitable #CTPensionSubsidy? ↪ More affluent school districts. 42% of Connecticut students come from lower-income families... But they receive only a 32% share of the Per Pupil Pension Subsidy. bit.ly/48RtIzf

Today, Equable released the Year-End Update to State of Pensions 2024. Public pension funds have fared well this calendar year, thanks to strong market performance. Continued Read the report here: bit.ly/3BO8eHH

#NewBrief: Connecting the Dots on Disconnected Youth: CT Towns with Highest Percentages of Disconnected Youth Receive Lowest Per Pupil Pension Subsidies from the State #news #CTPensionSubsidy #CTPress Joe DeLong CCM Read all about it here: bit.ly/40P3U4m

Don't miss our new brief, which shows a relationship between CT’s investment in teacher retirement and the percentage of disconnected youth in Connecticut public school districts. CCM Dalio Education bit.ly/40H6msG

The 119K Commission (CCM and Dalio Education) uncovered high rates of youth disconnection across CT schools. Do high-need districts deserve more or less state funding for teacher compensation? Should be a no brainer. bit.ly/40P3U4m

Connecting the Dots: It turns out that by making CT teacher pension financing more fair and equitable, the state can also save hundreds of millions of dollars that could be reinvested into education. CCM Dalio Education Learn more: bit.ly/40H6msG

UPDATE: When markets closed Friday, the top 25 public pension funds had lost an estimated $140.7 billion in 2025, of which $67b was since the 4/2 global tariff policy. This is less than the "pre-pause" market bottom, but still a significant problem. Let's see what today brings.

🧵 NEW: Chicago's big four pension funds have lost ~$1.58 billion since the start of 2025. $938 million of that came in just the past 7 trading days since the "Liberation Day" tariff announcement. Here's why this is a particularly serious problem.

🗞️NEW TODAY: 1 in 3 school districts are cutting classroom priorities because teacher pension costs are devouring K-12 budgets. Survey data reveals reports from school board members and district admins on what they are cutting explicitly because of growing pension costs. 🧵

#NewBrief: At least one-third of school districts report funding cuts due to rising pension costs in the last five years and it's impacting teacher pay, support programs, and more. Read it here: bit.ly/45oF2mZ

Today, Equable released the 2025 edition of our annual report, State of Pensions. Despite underwhelming investment returns, public pension funds will see a funded ratio improvement in 2025. Read more here: bit.ly/4nQYqQ4

📈New: We published State of Pensions 2025 today, an 80 page financial analysis of state and local plans. Toplines: - national funded ratio is ⬆️ to 81.4%, this is still very fragile - investments returned 5.4% for FYE 6/30 on ave, below assumptions Here's a quick summary 🧵