According to the report, the funded ratio of the 100 largest U.S. public pension plans has increased from 73.1% at the end of June to 74.2% at the end of July. This improvement is largely attributed to positive investment returns during the month of July.
While the funded ratio has increased, the report also notes that the total pension liability has continued to grow. The funded status of these plans continues to be a concern, as many are still facing significant funding gaps.
The Public Pension Funding Index is a valuable tool for policymakers, investors, and anyone interested in the financial health of public pension plans. It provides a comprehensive overview of the funded status of these plans, allowing stakeholders to track progress and make informed decisions.
One of the key takeaways from the latest report is the importance of consistent, positive investment returns in order to improve the funded status of public pension plans. With careful monitoring and strategic planning, these plans can work towards achieving greater financial stability.
Overall, the latest results of the Public Pension Funding Index show a small improvement in the funded status of U.S. public pension plans. However, there is still work to be done in order to ensure the long-term sustainability of these plans.
For more information on the latest results of the Public Pension Funding Index, visit Milliman’s website. Stay informed and stay tuned for updates on the financial health of public pension plans across the country.
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