The estimated funded ratio of U.S. state and municipal pension plans is expected to increase to 80.6 per cent in 2024 due to the outperformance of investment targets, according to a new report by Equable Institute. The report, which analyzed trends in benefits, cash flows, contributions, funding and investments at 245 of the largest U.S. […]
While the fact that past performance is not a guarantee of future results is a familiar refrain, it appears public pension funds’ return expectations do correlate with how they’ve performed in the past. A paper by Aleksandar Andonov, an associate professor of finance at the University of Amsterdam and Joshua Rauh, director of research and […]
Dave Lawson on why most other forecasts are bunk.