Volatility Has Little Effect on Public Pension Funded Levels in March
The funded ratio of the 100 largest U.S. public pensions rose despite interest rate hike, banking failures.
The funded ratio for the 100 largest public funds dropped to less than 73%, while corporate plans rose to 110%.
Common Retirement Fund reports 8.24% loss amid volatile markets, rising inflation and war.
Preliminary 2022 investment losses are estimated at 10.4% on average for state and local plans.