Pension Practice Council Sends Letter to Sen. Hatch on Public Pension Plan Funding

The Pension Practice Council sent a letter [1] to Senator Orrin Hatch commenting on a January report entitled “State and Local Government Defined Benefit Pension Plans: The Pension Debt Crisis that Threatens America.” The letter references the Pension Practice Council’s newly published issue brief [2] that debunks the myth that an 80% funded ratio is the proper basis for determining whether a pension plan is financially or “actuarially” sound.