
Pensions
Multiemployer Pensions Reach Highest Funding Levels in 13 Years
Robust asset gains in 2020 raised funded ratios to pre-global financial crisis levels.
A second straight year of double-digit growth boosted global pension asset values to $52.5 trillion.
Aggregate investment return of 11.72% wasn’t enough to counter falling interest rates.
Alex Lee, who has been her No. 2, takes over the top finance slot.
But the pandemic has not slowed down pension buyout activity.