In a recent presentation to the Council of Institutional Investors, New York State Comptroller Thomas P. DiNapoli proposed a national commission “to talk about ways to maintain existing defined benefit plans.” His comments included pointing out that the “vast majority” of state plans are sustainable for the long term. Of the state pension plans tracked by P&I, only seven are more than 90% funded. Both New York state plans are more than 100% funded.
A current list of the funded status of the nation's largest public defined benefit plans can be found in the P&I Research Center.
