
Pensions
Stocks, Bonds—Hah! Wilshire Lays Out a Broader Asset Allocation
Don’t bet on a resurgence for the big two traditional mainstay investments, the consulting firm says.
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.