The funded ratio for the 100 largest public funds dropped to less than 73%, while corporate plans rose to 110%.
The de-risking trend has seen equities cut in half since 2008, to around 30% of assets, and Milliman thinks that’s where it will stay.
“Relief Is No Longer Relief:” Financial-Market Upheaval Overtakes Best Intentions of Pension Legislation
Maybe not, data from WTW and others show. Despite some losses lately, they remain in resilient shape. Here’s how.
Market Volatility Erases More Than 5 Percentage Points from Public Pension Funded Ratios in September
The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.