Tag: Public Pension Returns
The brief’s key findings are: A new government accounting standard requires state and local pension plans to categorize assets based on the method used to determine the fair market value. Level 1 includes frequently traded assets like equities. Level 2 includes less liquid assets like corporate bonds. Level 3 involves appraisals like real estate. For…
The brief’s key findings are: Investment returns for state and local pension plans varied over 2001-2016 from 6.3 percent for the top quartile to 4.6 percent for the bottom. The variation could be due to differences in asset allocation and/or to the returns by asset class. The analysis found that asset allocation – in equities,…
