
Public Pension Fund Debt Expected to Reach ‘All-Time High’
Retirement systems will struggle with meeting their required contribution targets, Pew report says.
Retirement systems will struggle with meeting their required contribution targets, Pew report says.
The funded ratio of the 100 largest US plans fell to its lowest level in over three years.
Company retirement systems dropped to an 82% average funded ratio, the lowest level since 2016, thanks to the coronavirus.
But market volatility caused by the coronavirus threatens to erase some of the gains.
Deficit for UK defined benefit plans fell to £71.1 billion.
The funded status of the 100 largest corporate DB plans edged higher to 88% in June.
Improvement boosted by strong investment returns during the month.
Increased contributions and stress tests are key to Hawaii’s financial health.
Wilshire Consulting’s managing director calls the month’s 1.9 percentage point dip the ‘largest pull back’ since June 2016.
Funded status up nearly 5% from November 2016.