Tag: state and local pensions
![business man climbing stairs with an arrow pointing up to a light at the top](https://crr.bc.edu/wp-content/uploads/2023/08/business-man-climbing-stairs-with-an-arrow-pointing-up-to-a-light-at-the-top-1536x1024.jpeg)
Yes, fixed income was hit by rising interest rates, but it’s a small share of plan portfolios. My colleagues JP Aubry and Yimeng Yin just released an update on state and local pension plans. Their analysis compared 2023 to 2019 – the year before all the craziness began. Think of the unusual events that hav…