US. Public pensions returns lowest in three years
More trouble could be on the horizon for American’s big pension plans. Publicly-funded plans with more than $1 billion in assets generated a median return of 6.79 percent in the 12 months that ended on June 30, according to data from Wilshire Consulting provided exclusively to The Wall Street Journal. Public pension plans expect to generate a median return of 7.25 percent, which means the past year fell short of expectations – for the first time since 2016, as...