Asset gain of $308 billion in April-June period lifts estimated funded ratio to 71.2% from 66%.
Tag: Public Pension Funding Index
Coronavirus - COVID-19
Market turmoil has wiped out all funding gains made in 2019.
But market volatility caused by the coronavirus threatens to erase some of the gains.
Pensions’ largest quarterly gain followed their largest quarterly loss.
Public pension funding improved by $60 billion during last quarter of 2017.