Pensions
Public Pensions Face Sharpest Funded Ratio Drop Since Great Recession
Preliminary 2022 investment losses are estimated at 10.4% on average for state and local plans.
Preliminary 2022 investment losses are estimated at 10.4% on average for state and local plans.
Thanks to surging bond yields, the aggregate funded ratio of the PPF 7800 rose to 120.1% in June, up from 106.5% a year ago.
Funded levels for 255 S&P 500 plans reach their highest level since the Great Financial Crisis, Wilshire reports.
A new report debunks the ‘myth’ that an 80% funded level means a plan is in good health.