The country's 100 biggest public defined benefit pension plans experienced a funding increase of $185 billion in the first quarter, thanks mainly to robust investment gains of 7.3 percent in aggregate, Milliman, a consulting and actuarial firm, reported Monday.
This improvement was the largest quarterly funding increase since Milliman rolled out its public pension funding index in September 2016. It came on the heels of the biggest quarterly decrease of $306 billion in the fourth quarter.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
