Asset Allocation
Penn SERS Redefines Fixed-Income Allocations in Liability-Driven Push
Board also approves $125 million in new private equity, real estate investments.
But the pandemic has not slowed down pension buyout activity.
Aggregate deficit of 100 largest defined benefit plans falls to lowest level since March.
Moody’s forecasts a 6% rise in total adjusted pension liabilities in 2020.
Pension board also approves reduction in assumed rate of inflation to 2.5%.