News
Aug. 9, 2017
SOURCE: Heather Gillers – Wall Street Journal

A run-up in stocks helped deliver a banner year for America’s public pensions. But the gains won’t be nearly enough to ensure all state and local retirees receive their promised future benefits.

Large U.S. systems that oversee retirement funds for police, firefighters, teachers and other public workers earned median returns of 12.4% in the fiscal year ended June 30, according to Wilshire Trust Universe Comparison Service. That is...



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