100 Largest US Pensions Lose $27.8 Billion in Q1
The top 100 US public pension systems have had their worst performance since September 2015, reports new US Census Bureau data.
Total earnings for the funds were just $14.3 billion in this year’s first quarter, and total assets lost $27.8 billion. They are now down to $3.78 trillion.
Totals have not slipped since September 2015, the Census Bureau reports.
Pension contributions from employees and employers also fell in the quarter. Benefit payments saw a small increase.
Read More: Chief Investment Office
