
Asset Allocation
State Pensions Are in the Black, But Red May Be Ahead
For state pensions, funded status has increased, but meeting return expectations may still be a challenge.
Large company plans gain a point, to 87%, Willis Towers Watson says.
The largest US pension plan—and smaller ones across the country—are affected by market volatility that has lowered investment returns.
System gains $3.9 billion to reach total assets of $29.3 billion.
Strong returns bring fund’s asset value to $8.42 billion.
Even with lowered returns, no negative impact on ability to meet obligations.