Tag: funding update
Yes, fixed income was hit by rising interest rates, but it’s a small share of plan portfolios. My colleagues JP Aubry and Yimeng Yin just released an update on state and local pension plans. Their analysis compared 2023 to 2019 – the year before all the craziness began. Think of the unusual events that hav…
The brief’s key findings are: Since 2019, financial markets have seen unusual turmoil, most recently a sharp rise in interest rates to curb high inflation. Despite volatile asset values, the funded status of state and local pension plans has risen about 2 percentage points since 2023, and 5 points since 2019. That is, the strong performance of other…
