Between 2023 and 2025, the funded status of state and local plans increased 1.5 percentage points, the Boston College Center for Retirement Research found.
Plans tracked by Confluence’s Preliminary Plan Universe Performance Report returned 6.06% during the year’s second quarter.
Transitioning from defined benefit to defined contribution plans could have negative ‘unintended consequences,’ the National Conference on Public Employee Retirement Systems found.
The $1.7 trillion pension giant also increased its domestic bond holdings by $28 billion during the fourth quarter.
