Tag: market volatility
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…
The brief’s key findings are: Despite the recent market recovery, during fiscal year 2020, local government pension plans will see virtually no change in their average funded ratio. And, going forward, the strains on government finances due to the recession could make it harder for localities to pay their required pension contributions. But projections show…
