Pensions
Public Pension Funded Ratios Register 1st Decline Since April
The funded ratio for the 100 largest U.S. public pension plans fell by 160 basis points in October.
Tag: Public Pension
Newsmakers
Nomination Deadline Extended for 2024 CIO Industry Innovation Awards
Submit nominations by Aug. 21 for asset owners, asset managers and service providers that are changing the industry for the better.
Pensions
Stagnant Returns Produce Lower Public Pension Funded Levels in January
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.
Pensions
Market Rally Raises US Public Pension Funded Levels to 2023’s Highest Point
The stock market rebound in November and December spurred a $349 billion increase in the 100 largest U.S. public plans’ funding, per Milliman.
Pensions
US Public Pension Funding Poised to Rebound in 2023 Reporting
However, only half of the state and local retirement systems exceeded their assumed rate of return for the year.
Newsmakers
2023 Asset Owner Industry Innovation Award Finalists Announced
On December 5, CIO will recognize the allocators driving change and enhancing performance in institutional investing.
Asset Allocation
Public Pension Funds Continue to Boost Alts Allocations in Search of Higher Returns
The Equable Institute’s State of Pensions 2023 report claims that ‘pension funds are addicted to risk.’
Pensions
Volatility Has Little Effect on Public Pension Funded Levels in March
The funded ratio of the 100 largest U.S. public pensions rose despite interest rate hike, banking failures.
Newsmakers
Indiana Amends ESG Bill to Exclude Private Markets
Changes mean legislation will cost state pension fund $5.5 million over 10 years instead of $6.7 billion.
Asset Allocation
Public Pension Funded Status Waned as Corporate Plans Thrived in 2022
The funded ratio for the 100 largest public funds dropped to less than 73%, while corporate plans rose to 110%.
Asset Allocation
New York State Pension Loses $26 Billion in Asset Value in Q1
Common Retirement Fund reports 8.24% loss amid volatile markets, rising inflation and war.
Asset Allocation
Average Public Pension Assumed Rate of Return Hits 40-Year Low
More than half of funds tracked have cut their investment return assumption since fiscal year 2020, NASRA says.
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.
Newsmakers
Charles Nielsen Is Appointed CIO of Mississippi PERS
Nielsen has served the retirement system since 1998.
Newsmakers
Providence Voters Approve of $515 Million in Pension Obligation Bonds
The risky move has the potential to either help the pension crawl out of debt or make a bad situation worse.