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Washington state has some of the strongest-funded pensions in the nation. In this episode, we sit down with Washington State Actuary, Matt Smith, to unpack why the Law Enforcement Officers' and Fire Fighters' (LEOFF) Plan 1 has an expected surplus. Matt breaks down simple ways to measure pension health, why LEOFF 1 now looks more like an endowment, and the policy and legal questions lawmakers face when deciding how to use expected surplus pension funds.
By Washington State Department of Retirement Systems4.8
1919 ratings
Washington state has some of the strongest-funded pensions in the nation. In this episode, we sit down with Washington State Actuary, Matt Smith, to unpack why the Law Enforcement Officers' and Fire Fighters' (LEOFF) Plan 1 has an expected surplus. Matt breaks down simple ways to measure pension health, why LEOFF 1 now looks more like an endowment, and the policy and legal questions lawmakers face when deciding how to use expected surplus pension funds.

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