A 3.5% aggregate investment loss for the 100 largest public defined benefit plans in the U.S. sent their funded ratios sharply lower in March, according to Milliman.
Conflicting trends of asset outperformance and risk driven by increasing workplace disability claims are expected to affect the funds, according to S&P Global.
The former deputy CEO succeeds Santos Kreimann, who announced in January that he was stepping down for health reasons.
For the 17th straight year, public pensions remain below 90% funded.
Pension and sovereign wealth funds are prioritizing returns over liquidity, according to the OMFIF’s annual review.
Thomas Kim has joined the $67.7 billion Maryland State Retirement and Pension System.
NCPERS publishes new metrics to evaluate the sustainability of state and local funds.
Retirement systems will struggle with meeting their required contribution targets, Pew report says.
