Kentucky Employees Retirement System Reports Double-Digit Gains
The state’s main pension funds’ returns ranged from 12.5% to 13.81%.
The state’s main pension funds’ returns ranged from 12.5% to 13.81%.
TPR report finds the overall percentage of eligible employees saving into a workplace pension increased to 78% from 55%.
Steps being made to successfully implement new law that moves new employees into hybrid pension plan.
Largest gains point to domestic, foreign equities.
LCP: Liabilities have risen at a faster pace than assets over the past 10 years.
Tracking service has reported five consecutive quarters of positive results.
Report projects that the multiemployer program's deficit will rise to $80 billion in less than nine years.
Including 2017, compound rate of return is 7.4% over the last four years.
More than 50% of six-figure pensioners are from police, firefighter units, Empire Center reports.
Despite signs of a rebound, sentiment turns negative on the asset class, bringing YTD inflows down to $20.65 billion.
1.1 million fewer women are receiving a state pension due to an increase in pension age.
Funded ratio sees first increase since March.
ACG New York survey shows most expect private-equity investments will outpace hedge-fund and venture-capital investments in 2H.
However, liabilities outpaced investments, increasing the fund’s deficit.