The 79% funded status in the first quarter, an eight-point drop from last year, is the smallest since 2012.
Company retirement systems dropped to an 82% average funded ratio, the lowest level since 2016, thanks to the coronavirus.
World’s largest pension fund’s asset value rises to $1.54 trillion.
Hedge funds and other active strategies still play a role in diversifying risk in client portfolios, says firm’s Hyman.
Equity holdings fall by 22% in 20 years as pensions turn to alts in search of alpha.
Pension’s unfunded liabilities making it difficult to hire, retain teachers.
Level rises to 85.8% for corporate plan funding, Aon says.
Brexit expected to bring higher volatility and deficits for pensions.