
Public Pension Plans Reach 5-Year High of 83.1% Funded
The funds returned 9.47% in fiscal 2024, according to a National Conference of Public Employees Retirement System study.
The pension fund has launched a joint venture with the Mohawk Council of Kahnawake to invest in renewable energy infrastructure.
The investment performance raises the pension’s asset value to $42.9 billion.
After a dismal second quarter, the pension giant posted a 4.3% return to raise its asset value to $1.69 trillion.