AT&T Sued Over 2023 Pension Annuitization With Athene
Beneficiaries' suit claims telecom company 'turned its back on its retired workers' in risk transfer deal.
A strong performance from equities spurred a sharp turnaround from the previous year’s 8.2% loss.
Returns for the 100 largest U.S. public plans during the month ranged from a loss of 1% to a gain of slightly more than 1%, per Milliman.
AUM held by institutional asset owners reached $170 trillion last year, according to WTW’s Thinking Ahead Institute.
The system expects to reach full funding by 2046 and has taken steps on its path to net zero.