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Public Pension Funded Ratio Fell at End of 2022, Erasing Two Years of Investment Gains
Milliman Link to more items from this source
Mar. 9, 2023

"As of December 31, 2022, the aggregate funded ratio of the Milliman 100 PPFS plans dropped to an estimated 72.6% from a study high of 85.5% a year earlier.... Market performance drove this result, as the plans experienced estimated investment losses of 11.6% during calendar-year 2022. Current market return expectations now slightly exceed plan investment return assumptions for the first time since the PPFS began in 2012."

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