Pensions
HOOPP Returns 9.8% in 2023
The Healthcare of Ontario Pension Plan saw strong returns from public and private equities.
U.S. public pensions entered 2022 well-funded, but they could falter without significant governance reforms.
Exceeding 6% returns over the next decade will likely require excess risk or consistently performing well above average.
Funded level was 73% in fiscal 2018, helped by lower liability increases.
Pew report says states are paying billions of dollars in unreported fees.