Funded ratio is still up 7.6% YTD, according to Wilshire.

Highlights include state record pension payment, lotto-based contribution law.

For corporate DB plans, return-seeking assets are often synonymous with traditional equities. That’s fine if market conditions are just right, but it leaves plans vulnerable in many environments. We think the solution is to diversify return-seeking allocations with assets that may perform well in a variety of conditions.

“Medium-term imbalances” cast a cloud on the outlook, according to report.

Changes are aimed at improving pension governance and transparency.

Report finds half as many 18-34 year olds have pensions as older generations.