Pensions
Funded Level for U.S. Public Pensions Slips to 73.7% in May
The 100 largest public plans saw an aggregate investment loss of 1% during the month.
The 100 largest public plans saw an aggregate investment loss of 1% during the month.
The 100 largest corporate DB plans in the U.S. saw their collective funded ratio rise to 100.7% in May.
Investment losses dragged aggregate funded levels 12 percentage points lower in 2022.
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.
Maybe not, data from WTW and others show. Despite some losses lately, they remain in resilient shape. Here’s how.