
Pensions
Public Pension Funded Status Reached 79.4% in May
Funded status of the largest 100 US public pensions increased from strong market returns.
The company's investment staff will join GSAM, following one of the largest OCIO mandates to date.
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.
A rise in discount rates helped most statuses increase last month, according to multiple pension trackers.
The stock market rebound in November and December spurred a $349 billion increase in the 100 largest U.S. public plans’ funding, per Milliman.