Current Survey of State Pension Funds

Unfunded state pension liabilities continue to grow but should stabilize in the near term. While pension fund performance may improve, states will now grapple with new disclosure requirements related to other post-employment benefits, which may be even larger. Post-retirement benefits will continue to be a factor in determining state credit ratings.

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About the Authors
Robin Prunty is a director at Standard & Poor’s Ratings Services. She is an analytic leader for state credit ratings and issues related to pension and other post-employment benefits. She holds a B.S. in economics from Siena College and an M.P.A. from the Rockefeller College of  Public Affairs and Policy, University at Albany.

Parry Young is a director at Standard & Poor’s Ratings Services. He is the sector leader for  issues related to pension and other post-employment benefits, including pension fund ratings. He has been an adviser to the GFOA Committee on Retirement and Benefits Administration. He holds a B.A. from New York University and an M.B.A. from the City University of New York.