The COVID-19 pandemic was largely unforeseen, but one effect was predictable: that an economic shock would push a number of state and local pension plans to dangerously low funding levels, requiring more government resources at a time when cities and counties can ill afford it.

Key learning objectives:

• Changes from COVID-19 that impact pension plans.
• Aligning risk management with new realities of public sector pension plans.
• Options for improving fiscal stability and increase accountability and transparency.