NASRA @PensionDialog
Facts, news, and trends about the largest U.S. public retirement plans from the National Association of State Retirement Administrators nasra.org U.S. Joined May 2011-
Tweets8K
-
Followers4K
-
Following1K
-
Likes358
Public retirement systems should embed enterprise-wide risk management in fiduciary governance; addressing cyber, operational, investment, funding, & business risks, to strengthen resiliency, protect assets, sustain services,& secure benefits. buff.ly/is7KCju #muniland
NASRA Res. '25-02 affirms import of pension measurements that are decision-useful, clearly explained, & based in legal, financial & actuarial realities of public plans; helping policymakers & stakeholders understand plan funding & long-term stewardship. buff.ly/utYLCrM
Strong public pension design rests on core elements: mandatory participation, shared costs, pooled, professionally managed investments, targeted income replacement, lifetime benefit payments, survivor & dis. protections+ supplemental savings. buff.ly/YYmJnxJ #muniland
States adjust retirement programs to reflect labor mkt & fiscal conditions. After the GFC, state & local govts made significant pension design & financing changes thru their own policymaking processes. NASRA continues to track these changes. buff.ly/Yq8yR8J #muniland
Long-term returns are the main driver of public pension funding. For periods ending 12/31/25, median public pension fund returns exceeded the 7.0% return assumption across 5-, 10-, 20-, & 30-yr periods, incl. 7.8% over 30 yrs & 8.7% over 10 yrs. buff.ly/dxEoWNT #muniland
State & local pension systems held an est. $6.7T in assets as of 12/31/25. Because investment earnings provide a majority of public pension revenue, long-term return assumptions matter & those assumptions on average are now 6.91%. buff.ly/BrBXTCv #muniland
Investments and lifetime income are core features that help public plans support workforce and retirement objectives. NASRA highlights these elements and why states focus on those features to strengthen retirement security. buff.ly/sqB8LwW #muniland
Public retirement plans now universally require employee contributions, and many adjust contributions and benefits as conditions change. NASRA highlights this shared responsibility in resources on shared financing and hybrid plan designs. buff.ly/EpsW3GL #muniland
Public pension funding rests on a basic principle: contributions & investment earnings must, over time, equal benefits & admin costs. Since public pensions build assets over 30 to 60 years, these funding assumptions are inherently long term. buff.ly/eBQnPzl #muniland
Most public pension funds maintain clear investment policies to guide how assets are invested. Written investment policies strengthen decision-making & reflect fiduciary care for public funds. Such policies support sound governance. buff.ly/vTvLAII #muniland
Updated March '26 report from @NatlGovs, @NCSLorg, @GovFinanceOffrs, NASRA, & peer organizations with a current look at fiscal conditions of states & localities, muni bonds & public pensions. Very worth a read for those following public finance. buff.ly/5XXFFNJ #muniland
Investment earnings and employee contributions fund the majority of public pension benefits, accounting for more than 70% of public pension financing over time. buff.ly/jLHsd7l #muniland
NASRA’s Fast Facts on State & Local Pension Systems has been updated as of 2/26. It’s a quick, easy-to-scan resource with key data & context on public pension systems. Take a look for a quick snapshot of the latest facts and figures. buff.ly/jLHsd7l #muniland
Employer & employee contributions prime the pump for public pensions & fuel long term inv. income. In '24, employers made 76% of contributions. Investment earnings+employee contributions cover ~70% of benefit costs, full employer contributions matter. buff.ly/qsl7cEk
Investment earnings generate 60% to 65% of public pension fund revenue;; driven largely by bonds & stocks. While market returns vary year to year, diversified portfolios help funds capture growth over time & support retirement benefits. buff.ly/TaFdcGf #muniland
State & local government employment diverged in the latest BLS data: Jan 2026 net -8,000 jobs. Over the past 12 months, state governments -71,000 while local governments +109,000. buff.ly/CTeqgFd #muniland
About 3 in 4 state & local public pension plans provide an automatic COLA (no action needed). Others use ad hoc COLAs (granted by legislatures/councils) or investment-based COLAs (triggered when returns exceed a benchmark). buff.ly/CPn0tdC #muniland
S&P Global Ratings: public pension funded ratios averaged 80%+ in FY25, up each year since FY22 (+~10 pts). With FY25 returns estimated approx. 11–12% & ~8.5% gains in the first half of FY2026, S&P expects the upward trend to continue into FY26. buff.ly/LhyGCOb #muniland
Federal Reserve data show state & local defined benefit plan assets totaled $6.68 trillion as of Sept. 30, 2025 (Q3), up 3.7% from $6.44 trillion the prior quarter and up $450 billion (+7.2%) year-over-year. buff.ly/M6Wrn3U #muniland
Over the past 30 years, a strong consensus has taken hold: public pensions should be funded on an actuarial basis & it’s showing up in results; many plans continue to receive 100% of their actuarially determined contribution. buff.ly/P3Oo9zJ #muniland
National Public Pensi... @ProtectPensions
2K Followers 733 Following NPPC works with a national network of state and local coalition efforts to protect public pensions. #ProtectPensions
Cate Long @cate_long
26K Followers 2K Following I lead a research service for Puerto Rico bondholders. Former contributor to Reuters.
CalPERS @CalPERS
17K Followers 4K Following CalPERS is the largest defined-benefit public pension in the U.S., with 2.4 million members. Phone: 888-225-7377 | Intl: +1 916-795-3000
Pensions & Investment... @pensionsnews
21K Followers 378 Following All things retirement from the leading news and data source for endowment, 401(k) and pension execs, along with money managers and investment consultants
National Institute on... @NIRSonline
3K Followers 1K Following Nonprofit and nonpartisan research organization fostering understanding of the value of retirement security for employees, employers, and the economy.
CalSavers @CalSavers
1K Followers 1K Following Ensuring every Californian has an easy way to save for their future. Automatic, portable savings for employees. Simple and no fees for employers.
Frank Líma IAFF Gene... @IAFFGSTLima
5K Followers 2K Following IAFF General Secretary-Treasurer Active Firefighter - Los Angeles City IAFF Local 112 #UniteFightOrganize #UnionStrong #Labor
Squared Away Blog @SquaredAwayBC
5K Followers 4K Following The Center for Retirement Research blogs about #retirement #work #inequality #policy #aging #disability @RetirementRsrch
Richard Costigan @richardcostigan
4K Followers 5K Following @universityofga alum / @GeorgiaFootball @BaseballUGA @UGA_WBB @UGABasketball season ticket holder / Former California public policy practitioner.
GOVERNING @GOVERNING
68K Followers 2K Following News and analysis about the people who lead, manage and direct public agencies as they work towards well-managed, vibrant and resilient communities.
Taylor Riggs, CFA @RiggsReport
34K Followers 2K Following Co-anchor of @thebigmoneyshow on @FoxBusiness 12-2pm ET. Formerly @BloombergTV. CFA Charterholder. MSF @jhucarey. JD @nylawschool. 17x marathoner. Cat lover.
Healthcare of Ontario... @HOOPPnow
2K Followers 623 Following HOOPP is no longer monitoring this account. For news and updates, please connect with us on LinkedIn, Facebook and Instagram.
Lance Christensen @lancelands
6K Followers 5K Following Happily married pater familias of 5; Constitutional localist; VP, California Policy Center; 2022 CA Supe of Public Instruction nominee; Jacob 6:12
abc123 @abc123p3jr
46 Followers 2K Following
Pension Real Estate A... @PREA_Insights
1 Followers 55 Following Serving institutional real estate members through education, research & the exchange of ideas. Connecting leaders who shape real estate investment.
Dr. Kenneth Ehrman @ehrman_kenneth
23 Followers 273 Following Unit A Vice President, California Statewide Law Enforcement Association. Public Safety Labor advocate.
PensionForge @PensionForgeLLC
2 Followers 34 Following Retirement planning tools built by firefighters, made for all FRS members. Your math, your scenarios, your call.
Michael Hill @MichaelHil02
63 Followers 878 Following
Matthew Damschroder @mattdamschroder
584 Followers 697 Following
saltlick @saltlic40195712
18 Followers 2K Following
James McNamee @tinman135
48 Followers 51 Following President of the Illinois Public Pension Fund Association.
Jeremy Lucas @Jeremy_K_Lucas
212 Followers 486 Following Father, Husband, City Enthusiast, Government Worker, Urban Dweller VIEWS=Mine only
Yeshua Ogunsanwo @Yeshuasdad
2K Followers 5K Following Help me get due process against my violent child sex traffickers and federal kidnappers
Beacon Engagement Par... @beaconengage
6 Followers 149 Following Highlighting the value of public & union employee benefits. Spreading awareness through social media engagement.
John Stegmann @JohnStegmann1
134 Followers 2K Following
Natalie Spencer @natscloset
3K Followers 7K Following I am a PROUD Prison Wife, Abolitionist. GREEN PARTY, Bernie let me down! It’s all a LIE. Blue or red, we're all dead. Red or blue, they don't care about you.
Meh @shbettt
6 Followers 72 Following
amnwm07 @amnwm07
68 Followers 1K Following
Yweeggi @Yweeggi934464
18 Followers 1K Following
CaStateRetirees @CaStateRetirees
11 Followers 160 Following Our mission is to protect the pension and health benefits of all retired California employees. 45,000 members and growing!
NAPA - National Assoc... @NAPA401K
3K Followers 1K Following Join our elite network of retirement sales and investment professionals: https://t.co/siwINGUX8s,
Wuqad @Wuqad20585
20 Followers 986 Following
Uzu @Hybriduzu
50 Followers 1K Following
カク @Tetrapharm
12 Followers 158 Following Programming geek. Likes: Hearthstone, computers, tech, Japan
Linda Fairchild @Diro617671
4 Followers 29 Following 🌿 My Essence in 3 Words: Passionate | Authentic | Unstoppable ❤️ Personal Glow-Up: Replaced “busy” with boundaries Swapped chaos for mornings with matcha an
Eevlunal @Eevlunal973973
194 Followers 7K Following In order to be irreplaceable one must always be different. — Coco Chanel
Public Investments an... @SDPI_AM
773 Followers 1K Following The Official Twitter Account for the State Department for Public Investments and Assets Management.
Sishea @SisheagBQ1eOQ
56 Followers 1K Following
Wilma Weber @WilmaWeber85024
120 Followers 5K Following
EMPLOYEE RETENTION SP... @kevindmonaghan
455 Followers 1K Following Retain your key people without giving up equity or profit-sharing. Business transition strategies that beat private equity offers. Founder, Intuitive Comp.
Cave Man @CaveManDrawing
855 Followers 4K Following Visual Based Investment Educator & Market Historian. Covers both Current Events and Past Concepts.
ヒロ🦔楽天ROOM ... @elizabe9701916
12 Followers 183 Following 育児の傍ら家で何か仕事をしたいアラサー主婦。ツイッターで視野を広げる。ブログ、子育て、旦那育てを頑張る
NELLIE DEBBELER @NellieDebbeler
15 Followers 116 Following Financial Accounting Standards Board (FASB) • The Ohio State University Fisher College of Business.
Mavis L. Wanezyk @wanezyk9401
67 Followers 4K Following I'm Mavis L Wanczyk from Massachusetts. And Powerball winner of $758,700,000, I'm trying my best to give back and support the society.... DM me
robin clifford @clifford_robin
12 Followers 131 Following
Vinayagamoorthy subra... @VSubramani13458
124 Followers 6K Following
Lisa Storm Fink @fink_girl
2K Followers 3K Following Mom of 2 great girls, Project Manager at https://t.co/yBOWUDoTBm at NCTE, Instructor at UIUC, love to cook and bake & post about the Unity Rockets. she/her/hers
Nest-Egg Family Life @nesteggfamilly
3 Followers 105 Following
Jean Carlo Oviedo @JeanCarlo1188
9 Followers 42 Following
Xpose Pension Fraud &... @X_PensionFraud
22 Followers 399 Following Xposing Union crimes- including Pension Fraud & Theft. Don't trust AFL-CIO or any of their affiliated unions! Unions #Xposed !
John Murante @johnmuranteNE
302 Followers 536 Following Husband, Father, Husker Fan, Partner at Nebraska Strategies, Fmr State Treasurer, State Senator and ED of Nebraska Retirement System
Laughing Crow @MarkBrewer29233
2K Followers 442 Following
JO @JO6517366112331
0 Followers 3 Following
Emily Gervasi @EmilyGervasi
0 Followers 64 Following
Date Over 60 @DateOver60Site
203 Followers 423 Following Meet singles over 60 in your area, join our fun & safe dating community for free today.
Amylynn Volluz @AmyVolluz518513
4 Followers 2K Following Independent candidate 2025 President of United States/ female I'm paid already With your vote only charity food clothing donation Save your money!Retirement
Ffesnirt @FfesnirtRULpFb
33 Followers 3K Following
Johnny Pemrick 🇺�... @nationalbroker
6K Followers 7K Following Ny’r turned Floridian I Disaster Recovery SME (Ret.) I Invest/Insurance Advisory VP I USN ⚓️ IYAOYAS I Vets first! 🇺🇸 #RepBX
Flogru @FlogruOx6
27 Followers 4K Following
WendyOwen @59OKSD7wNx170KE
67 Followers 7K Following
National Public Pensi... @ProtectPensions
2K Followers 733 Following NPPC works with a national network of state and local coalition efforts to protect public pensions. #ProtectPensions
Cate Long @cate_long
26K Followers 2K Following I lead a research service for Puerto Rico bondholders. Former contributor to Reuters.
CalPERS @CalPERS
17K Followers 4K Following CalPERS is the largest defined-benefit public pension in the U.S., with 2.4 million members. Phone: 888-225-7377 | Intl: +1 916-795-3000
Pensions & Investment... @pensionsnews
21K Followers 378 Following All things retirement from the leading news and data source for endowment, 401(k) and pension execs, along with money managers and investment consultants
National Institute on... @NIRSonline
3K Followers 1K Following Nonprofit and nonpartisan research organization fostering understanding of the value of retirement security for employees, employers, and the economy.
CalSavers @CalSavers
1K Followers 1K Following Ensuring every Californian has an easy way to save for their future. Automatic, portable savings for employees. Simple and no fees for employers.
John Arnold @johnarnold
127K Followers 472 Following Co-chair of Arnold Ventures. Reality is more nuanced than the headline.
Frank Líma IAFF Gene... @IAFFGSTLima
5K Followers 2K Following IAFF General Secretary-Treasurer Active Firefighter - Los Angeles City IAFF Local 112 #UniteFightOrganize #UnionStrong #Labor
Squared Away Blog @SquaredAwayBC
5K Followers 4K Following The Center for Retirement Research blogs about #retirement #work #inequality #policy #aging #disability @RetirementRsrch
Richard Costigan @richardcostigan
4K Followers 5K Following @universityofga alum / @GeorgiaFootball @BaseballUGA @UGA_WBB @UGABasketball season ticket holder / Former California public policy practitioner.
GOVERNING @GOVERNING
68K Followers 2K Following News and analysis about the people who lead, manage and direct public agencies as they work towards well-managed, vibrant and resilient communities.
Taylor Riggs, CFA @RiggsReport
34K Followers 2K Following Co-anchor of @thebigmoneyshow on @FoxBusiness 12-2pm ET. Formerly @BloombergTV. CFA Charterholder. MSF @jhucarey. JD @nylawschool. 17x marathoner. Cat lover.
Healthcare of Ontario... @HOOPPnow
2K Followers 623 Following HOOPP is no longer monitoring this account. For news and updates, please connect with us on LinkedIn, Facebook and Instagram.
Minnesota State Retir... @MNRetire
327 Followers 287 Following Formerly the official X/Twitter account for the Minnesota State Retirement System | Find us on LinkedIn: https://t.co/ojB8oJgR9n
Elmo @elmo
772K Followers 14 Following Elmo's Elmo! Elmo lives on Sesame Street and was told to tell you that Elmo is official!
Terry Mumford @MumfordTerry
75 Followers 308 Following
Mosaic Governance Adv... @AdvisorsMosaic
12 Followers 127 Following A boutique consulting firm committed to helping organizations capture their most important strategic opportunities and bring their visions to life.
Dan Rather @DanRather
2.3M Followers 1K Following Journalist, storyteller, lifelong reader. Texan by birth and by choice. Author of STEADY: https://t.co/8kW1QUbZQJ
DoneHat @Popehat
261K Followers 1K Following Bye. https://t.co/7CTLPHydam: @popehat. Mastodon: @[email protected]. Substack: https://t.co/j3NdkUE2en. Podcast: https://t.co/43rX4AAPbI.
George Callas @George_A_Callas
4K Followers 1K Following Founder/Member, Callas Strategy Group LLC. First Tax Prom King. Fmr @SpeakerRyan @WaysandMeansGOP. #GoGators.
Frank Shafroth @FShafroth
51 Followers 66 Following Policy expert in municipal sustainability & govt. Governing Magazine & State Tax Notes columnist. Director of the Center for State & Local Leadership at GMU
Monique Morrissey @MoniquMorrissey
1K Followers 4K Following Economist at @economicpolicy. Views my own. No longer posting on Elon Musk's X -- only @MoniqueMorrissey.bluesky.social
NMERB @WeAreNMERB
60 Followers 17 Following Providing secure retirement benefits for New Mexico's educational employees--past, present and future.
Anna Tabor @AnnamarieTabor
35 Followers 71 Following
Meketa Investment Gro... @MeketaInvGrp
247 Followers 213 Following
Eric Kazatsky @erickazatsky
3K Followers 2K Following Father/Husband/retired SEPTA rider/ Municipal Client Portfolio Manager for @mackayshields @mackaymunimgrs *views are my own*
Nevin Adams @nevinesq
3K Followers 1K Following "Retired" - whatever that means. retirement savings champion and prolific writer, & pension/retirement/saving geek. Posts are mine. But you knew that.
Jim Acosta @Acosta
2.2M Followers 5K Following Independent Journalist. Host: "The Jim Acosta Show" on Substack, YouTube and Apple Podcasts. Author. Fmr Chief WH Correspondent. I believe in #realnews
Jackie Gulley @JackieGulley2
245 Followers 1K Following
Yamiche Alcindor @Yamiche
1.1M Followers 8K Following White House Correspondent for @NBCNews. Tips? Email: [email protected].
stuart mcdonald @ActuaryByDay
19K Followers 1K Following MBE. Partner @LCP_Actuaries. CMI Chair. Ran @COVID19actuary. Own views. Life expectancy, mortality, health, pensions, insurance, inequalities, climate.
Amy Walter @amyewalter
198K Followers 2K Following Publisher & Editor-in-Chief, Cook Political Report with Amy Walter. Cycling enthusiast. Lover of all things summer.
Kyle Kondik @kkondik
58K Followers 4K Following American elections analyst; Managing Editor, Sabato's Crystal Ball at UVA Center for Politics. Sign up free at https://t.co/vMxRSSZvVT
Millennium Global @MillenniumGlob
991 Followers 529 Following Providing #currency #investment management products and #FX solutions to institutional investors since 1994 | Currency Manager of the Year - 2019, 2020 & 2021🏆
Charlie Cook @CharlieCookDC
52K Followers 548 Following Non-partisan political analyst. Founder and Contributor to The Cook Political Report with Amy Walter, political analyst and columnist for National Journal.
Wan Li Think Tank @wan_tank
73 Followers 1K Following Wan Li Think Tank is a leading global think tank in China, focusing on promoting sustainable development and cooperation. Email: [email protected]
City of Austin Employ... @COAERS
83 Followers 97 Following The City of Austin Employees' Retirement System delivers retirement & other benefits to 20,000 members. Mentions, follows, RTs ≠ endorsement
Heller-Hurwicz Econom... @HellerHurwicz
2K Followers 2K Following The Heller-Hurwicz Economics Institute supports frontier economic research to address policy & global challenges. We host the Office Hours Podcast.
Megan White @meganpwhite
290 Followers 289 Following Deputy Director of Public Affairs at the California Privacy Protection Agency👩🏻💻 Advisory Board Member - USC Price School of Public Policy ✌️
yvette.shields@arizen... @Yvette_BB
2K Followers 1K Following sharing midwest muni news, The Bond Buyer signs the checks, snark is my own
Cerulli Associates @cerulli_assoc
5K Followers 2K Following Since 1992, we have powered financial services firms with in-depth analysis and strategic recommendations. #CerulliResearch #CAsurveys #ARC
European Pensions @EuropeanPension
3K Followers 499 Following European Pensions magazine and website is an information source for pension decision makers across Europe. #EuropeanPensionsAwards & #IrishPensionsAwards
NH Retirement System @NHRS_Retirement
337 Followers 224 Following The New Hampshire Retirement System was established in 1967 as a contributory, public employee defined benefit pension plan.
Robert F. Engle @Prof_RobEngle
5K Followers 19 Following Nobel Laureate, Professor Emeritus of Finance, Co-director of the Volatility and Risk Institute (@NYU_VRI)
Heidi N. Moore @moorehn
121K Followers 12K Following "Someone else" --Yahoo. Advising on news. Priors: WSJ, Marketplace NY bureau chief, Guardian US finance/econ editor. I followed you for pics of your pet. Hi.
insouciant @texaspensions
17 Followers 41 Following
Steven Beschloss @StevenBeschloss
303K Followers 1K Following Writer, journalist, editor, filmmaker, prof. Author: Gunman & His Mother. Publish: https://t.co/OBMBNoyF4i. Also: https://t.co/uEUQPNzx3c
Heather Gillers @hgillers
2K Followers 1K Following @WSJ reporter covering municipal bonds & pensions. Formerly @chicagotribune, @indystar, @beaconnews [email protected] (phone/signal) 929 384 3212 DMs open
Connecticut Coalition... @CtPensions
184 Followers 605 Following The Connecticut Coalition for Retirement Security is fighting to preserve and protect the retirement security of our public servants.
National Council on T... @NCTRtalk
174 Followers 179 Following THE Resource for fostering strategic partnerships, providing training and pension advocacy for the educational community.
Seth Abramson @SethAbramson
832K Followers 19 Following NYT bestselling Trump biographer. Lawyer. Songwriter. Journalism professor (retired). More: https://t.co/C61aEoBmYZ, https://t.co/j6EVBmIW3k
Chuck Schumer @SenSchumer
3.5M Followers 21K Following Official Account of Senator Chuck Schumer, New York’s Senator and the Senate Democratic Leader.
Dean Aloise @deanaloise
292 Followers 211 Following Dad, musician, and Managing Director, U.S., at Buck
Gabriel, Roeder, Smit... @GRS_1938
56 Followers 57 Following Founded in 1938, GRS is a national actuarial and benefits consulting firm that serves pension and OPEB plans.
Michael Beschloss @BeschlossDC
872K Followers 3K Following Author, PRESIDENTS OF WAR, 9 other books. @NBCNews Presidential Historian. @PBS contributor. Born Chicago.
Alexandria Ocasio-Cor... @AOC
12.7M Followers 4K Following US Congresswoman, NY-14. In a modern, moral, and wealthy society, no American should be too poor to live. People-Funded, takes no lobbyist💰. Personal account.
Debby Cherney @DebbyCherney
232 Followers 1K Following CEO of SBCERA. RPU Board. Big hockey fan. Modern quilter. Disney nerd. All views are distinctly my own!
Retirement Security @RSInow
362 Followers 373 Following Bipartisan advocacy for fair and sustainable pensions.






