The 79% funded status in the first quarter, an eight-point drop from last year, is the smallest since 2012.
Economic impact of virus could lower state pension valuation.
Nicolai Tangen, a hedge fund manager based in London, will take over the nearly $1 trillion plan.
Relief Measures: American Retirement Association Wants to Squeeze Pension Relief into Third Coronavirus Aid Bill
Plans in Massachusetts, Mississippi, and other states assure retirees that benefits won’t be delayed, but suspend counseling appointments.
Called the ‘burnout bill’ by advocates, pension beneficiaries could retire after 20 years, but get no health benefits.
Starting Monday, spectators will be confined to the pension plan’s auditorium with directors in a separate room, six feet away from one other.