Third-largest monthly decline lowers funded ratios to 87.9%.
Tag: Funding Ratio
Among corporate plans, the financial sector achieves highest ratio, while energy and telecom lag.
Lack of contributions are the problem for IPERS, critic says.
Pension plan’s chief says the $51.7 billion retirement system’s good investment returns aren’t enough to overcome unfunded liabilities.
Shortfalls decline by $22.7 billion from 2016.
Despite rising funded status trend, many plans will run out of assets within 10 years.