Tag: public pension plan performance
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…
The brief’s key findings are: A new analytical tool tells a clear story of why unfunded liabilities rose during 2001-2013. The primary factor was investment returns that fell short of expectations due to the two financial crises. A secondary factor was that many plans failed to make adequate contributions, a more serious problem among the worst-funded plans. This…
