By Rob Kozlowski
Source: Pensions & Investments

The overall estimated funding ratio of the 100 largest U.S. public pension plans improved to 74.5% as of March 31 from 73.6% a month earlier, according to the Milliman 100 Public Pension Funding index.

During the month of March, Milliman estimated that public pension plans had an aggregate investment return of 1.8%, with an estimated range of 0.7% to 2.8%.

While February was a down month, strong returns in January contributed to an overall increase in the estimated funding ratio during the first quarter from the year-end ratio of 72.6% at the end of 2022.

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