Tag: investment returns
In fiscal year 2022, state and local pension plans have seen the decline in the stock market erase much of the gains from 2021. And, recent media reports by Pensions and Investments, The Wall Street Journal, and others have suggested that alternative investments are one reason why reported returns don’t look even worse. But hav…
The brief’s key findings are: Despite the market rebound, most public pension plans ended FY 2020 with investment returns that fell short of actuarial expectations. Moreover, the March crash raised concerns about the liquidity needs of public plans, which already must sell assets to pay benefits. In particular, alternatives are harder to value and mor…
