Asset Allocation
Low Funded Public Pensions Might Not Survive the Decade
Market downturn could be the final straw for struggling public pension plans.
Market downturn could be the final straw for struggling public pension plans.
Although it might look controversial, a split portfolio may be strong option to meet a fund’s short-term cash needs as well as maximize long-term wealth.
Milliman reports a 1.7% drop in the funded ratio of US DB plans from the end of 2017.
The number of workers benefiting from state and local government pensions in 2016 rose 3.3% in 2016.