
48 Hours of Market Turmoil Lop Nearly 6 Points off Canadian DB Funded Ratios
In the two days after the U.S. announced new tariffs, the plans lost almost their entire C$18.4 billion surplus.
In the two days after the U.S. announced new tariffs, the plans lost almost their entire C$18.4 billion surplus.
For the 17th straight year, public pensions remain below 90% funded.
The $209.5 billion pension is expected to be fully funded by 2052.
Returns for the 100 largest U.S. public plans during the month ranged from a loss of 1% to a gain of slightly more than 1%, per Milliman.
The stock market rebound in November and December spurred a $349 billion increase in the 100 largest U.S. public plans’ funding, per Milliman.
Interest rates and market volatility continue to pose a significant risk for many plans.
However, only half of the state and local retirement systems exceeded their assumed rate of return for the year.
Funded levels for US public pension funds rose nearly 2 percentage points to 78.2% during the second quarter.
The 100 largest public plans saw an aggregate investment loss of 1% during the month.