Tag: public pension funds
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…
The brief’s key findings are: Pension plans set target asset allocations, but allow actual allocations to vary within range of the targets. From 2001-2017, target allocations shifted away from traditional stocks and bonds and toward alternatives. As a result, many plans were net sellers of equities during the financial crisis, which locked in losses and…
