Source: The Middle Market State and local government contributions to public pensions hit their highest level last year and investment returns are running above average in 2024, according to a new report by Equable Institute, which said risks are growing as the funds ramp up bets on risky private capital strategies. The annual report published by the nonprofit projects the national public pension funding shortfall to drop this year to $1.3 trillion from $1.6 trillion in 2023. The average [...]