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Economic Recovery for Public Pensions Continues in May
Milliman Retirement Town Hall Link to more items from this source
June 12, 2020

"[F]unding for public pensions in May continued to rebound from the first quarter of 2020 with an aggregate investment return of 2.68% for the month, the second month of improvement for these plans after a dismal February and March. In fact, the Milliman PPFI funded ratio has climbed over five percentage points since the end of Q1, increasing from 66% at the end of March to 71.3% as of May 31. [The authors] estimate that the aggregate deficit shrank from $1.619 trillion at the end of April 2020 to $1.547 trillion at the end of May 2020, a $72 billion improvement."

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