Tag: PPD
The projected funded ratio for state and local pension plans in FY 2025 is 77.7 percent, 1.5 percentage points higher than 2023 – the date of our last funding update. These gains seem quite modest, given that the S&P index increased more than 40 percent between June 2023 and June 2025…
They would improve transparency and most likely returns by investing in index funds. I must admit, I love it when research supports my gut. Hence, I am delighted to report the findings from the new study by my colleagues JP Aubry and Yimeng Yin that compares actual returns earned by state and local pension plans…
