PERA Correctional funding is solid!

Many have voiced concerns regarding the funding of our Pension since the Corona market drop.
According to PERA no need to worry.

I provide an exerpt from the report:

Fact #3: Since its inception in 1931, PERA has never had a deviation from regular monthly benefits to our retirees. Nor has there been a benefit reduction to retiree benefits. The certainty of monthly benefit payments has endured other crises, including wars, major market adjustments, and economic recessions.

Fact #4: The PERA funds have assets available to meet ongoing benefit obligations. As of July 1, 2019, our most recent valuation date, the General Employees Retirement Plan was 80% funded, the Police & Fire Plan was 89% funded, and the Correctional Plan was 98% funded.

FULL Letter Here