Public-pension funding hits highest since 2007, powered by market returns

2021-10-28T16:51:39-07:00October 28th, 2021|Categories: Pension Funding|Tags: |

By Andrea Riquier Source: MarketWatch Public-pension funding surged in 2021 thanks to buoyant financial markets, taking funding levels to the highest in over a decade. As of June 30, 2021, the aggregate funded ratio of the 100 largest U.S. public pension plans is estimated at 85%, according to the 2021 Public Pension Funding Study from Milliman, an actuarial company, marking what the group calls “a stunning improvement” from 70% in 2020. It’s also the highest level of funding in [...]