Washington’s pension system gamble
from Washington in Focus Hosted by The Center Square
(The Center Square) – As Washington state is forecast to run out of money by 2027 despite a historic tax increase during this year’s legislative session, that fiscal crisis could be exacerbated several years later if new actuarial assumptions for the pension system don’t pan out. During session, state lawmakers enacted Senate Bill 5357, which altered the assumed rate of return for pension investments from 7% to 7.25%. Support this podcast: https://secure.anedot.com/franklin-news-foundation/ce052532-b1e4-41c4-945c-d7ce2f52c38a?source_code=xxxxxx Read more: https://www.thecentersquare.com/washington/article_0db21f8a-6678-451d-aff3-0321864d5d83.html
Embed this episode
What this episode covers
(The Center Square) – As Washington state is forecast to run out of money by 2027 despite a historic tax increase during this year’s legislative session, that fiscal crisis could be exacerbated several years later if new actuarial assumptions for the pension system don’t pan out. During session, state lawmakers enacted Senate Bill 5357, which altered the assumed rate of return for pension investments from 7% to 7.25%.
No transcript yet.