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Public Equities Spur Rise in State Pensions’ Funded Status
Funded levels for US public pension funds rose nearly 2 percentage points to 78.2% during the second quarter.
Funded levels for US public pension funds rose nearly 2 percentage points to 78.2% during the second quarter.
The 100 largest public plans saw an aggregate investment loss of 1% during the month.
In a tough time for investments, the fund logs a 1% portfolio increase.
Market slump causes $262 billion drop in U.S. public pensions’ funding levels in June.
Preliminary 2022 investment losses are estimated at 10.4% on average for state and local plans.
Thanks to surging bond yields, the aggregate funded ratio of the PPF 7800 rose to 120.1% in June, up from 106.5% a year ago.
Funded levels for 255 S&P 500 plans reach their highest level since the Great Financial Crisis, Wilshire reports.