Tag: state and local pensions

business man climbing stairs with an arrow pointing up to a light at the top

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…