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Public pensions return 6.8% in 2014

The gains, however, are less than the annual investment returns of 7.5 percent to 8 percent that many state and local governments count on to pay benefits for teachers, police and other employees.

By Martin Z. Braun | Updated on February 09, 2015
In the 10 years through Dec. 31, public pensions that pay teachers and other government employees saw a median return of 6.6 percent.

(Bloomberg) — U.S. public pensions reported median returns of 6.8 percent last year, the sixth year in a row of gains after the financial crisis, according to Wilshire Associates.

The gains, though, are less than the annual investment returns of 7.5 percent to 8 percent that many state and local governments count on to pay benefits for teachers, police and other employees. In the 10 years through Dec. 31, public pensions had a median return of 6.6 percent.

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