US - Over half (58%) of state defined benefit (DB) pension plans have funding levels above 80%, the Government Accountability Office (GAO) has reported.
The report attributed the decline in funding levels to falls on stock markets, which reduced the value of pension fund assets.
While the GAO said short term under funding was not a significant threat to benefits, as current assets and contributions could be sufficient to pay these for the foreseeable future, it warned unless funding increased - by either increasing contributions or cutting spending - higher costs would inevitably have to be passed on to future generations.
The report was compiled at the request of senators Max Baucus and Charles E. Grassley of the Senate Committee on Finance. They said they were concerned that an unsustainable public retirement system might lead to financial pressure being brought to bear on the federal government through demands for bailouts.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers