Tag: pension investing
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: If markets remain at their current levels through June, state and local pension plans will end FY 2020 with negative investment returns and reduced asset values. As a result, their aggregate funded ratio will slip below 70 percent, and they will face higher actuarial costs going forward. While this outcom…
