Funding Status Projections for Southern Public Teaching Pension Plans |
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| Authors: | Jr" target="_blank">William J TrainorJr Carolyn F Rochelle |
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| Institution: | (1) Department of Economics and Finance, East Tennessee State University, P.O. Box 70686, Johnson City, 37614-1709, USA |
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| Abstract: | The average funding status for eleven southern state pension plans used by teachers as of 2005 is 86%, which translates into
over a $40 billion shortfall. Employing Monte Carlo simulation, this study projects the expected future funding status along
with confidence intervals for each of these states over the next 10 years. Projections suggest the average underfunding will
remain virtually the same based on current state pension contributions and asset allocations. However, if underlying pension
asset returns fail to meet expectations due to high funding risk, the average underfunding could fall to 73%, a shortfall
of over $150 billion.
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| Keywords: | Funding status– pension plans Funding projections– pension plans |
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