Quick Links

Home > Resources > News & Information > Regulatory Updates > GAO Releases Report on State and Local Government Pension Plans

GAO Releases Report on State and Local Government Pension Plans

The U.S. Government Accountability Office (GAO) released a report, State and Local Government Pension Plans: Current Structure and Funded Status. Most state and local governments offer a defined benefit pension plan as the primary plan and a defined contribution plan as a secondary, or voluntary, plan. There are a few instances where states adopted defined contribution plans as the primary plan. In 2006, about 58 percent of the large pension plans were adequately funded, 80 percent or better. In 2000, about 90 percent of the plans were adequately funded.

Print | Email |