Equable Institute Analysis Finds State and Municipal Pension Funds Facing Largest Single-Year Decline in Funded Ratio Since the Great Recession
Report finds funding shortfall to grow to 1.4 trillion in 2022, erasing nearly half of the gains from 2021’s record investment returns; three-year funding trend remains net positive. NEW YORK, July 20, 2022 /PRNewswire/ — State and municipal retirement systems are on track to lose nearly…
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