
Pensions
Asset Gains for 100 Largest Public Pensions Surge $98B in May; PRT Costs Decline
Funded levels for the plans rose to 81.1% during the month.
The 100 largest public plans saw an aggregate investment loss of 1% during the month.
Market slump causes $262 billion drop in U.S. public pensions’ funding levels in June.
Asset gain of $308 billion in April-June period lifts estimated funded ratio to 71.2% from 66%.
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.