![](https://si-interactive.s3.amazonaws.com/prod/ai-cio-com/wp-content/uploads/2024/07/17162837/CIO-071824-Wilshire-Public-Pension-Plans-942840398-web-200x140.jpg)
Pensions
Public Pension Plan Funded Status Increased 0.5% in Q2, per Wilshire
That makes three consecutive quarters with an increase in funded status for public plans.
Returns for the 100 largest U.S. public plans during the month ranged from a loss of 1% to a gain of slightly more than 1%, per Milliman.
The stock market rebound in November and December spurred a $349 billion increase in the 100 largest U.S. public plans’ funding, per Milliman.
The 100 largest corporate DB plans in the U.S. saw their collective funded ratio rise to 100.7% in May.
Goldman’s Michael Moran warns against complacency and issues some warnings.
Higher interest rates lowered liabilities, as average asset losses reach 21% for the fiscal year, a Russell Investments study shows.
The underfunded program wants a diversified portfolio that doesn’t underperform in bad times.