We are pleased to share our latest study, which finds that the funded ratio for U.S. City and County pension systems rose to 78.6% at the end of fiscal year 2024 — a 2.2% increase over the previous year. Projections anticipate continued advancement, with the funded ratio expected to reach 83.7% by June 30, 2025 — a further rise of 5.1 points, driven by strong asset performance observed in the preceding twelve months.

With $959.4B in liabilities and $753.7B in assets, the report highlights improved transparency and continued momentum toward retirement security.