The investment portfolio for the state’s pension fund fell short of its benchmark by more than 2 percentage points.
Markov Processes analyzes how Brown has managed to outperform its rivals in recent years.
The state’s full contribution led to a fourth straight year of higher funding levels, as the pension issue continues to roil the legislature.
Aggregate deficit of 100 largest defined benefit plans falls to lowest level since March.
Rising discount rates were not enough to offset markets spooked in October by surging COVID-19 cases.
Push to consolidate underfunded small retirement programs under the state-level system is being considered in other states.
Survey finds pension industry executives believe combating global warming takes preference over generating high returns.