A new study from Spectrem Group finds that most members of public pension funds are unaware that their pensions are not just underfunded, but falling short of performance targets.
Even though equities set records throughout 2017, according to the study, “a significant number of U.S. public pension funds remain woefully underfunded.” And what’s worse is that members of these pension funds don’t know how far short their pensions are falling, and at how much risk that puts them.
In addition, the study also indicates a broad gap between how members want their funds managed and the actual approach many managers may be taking.
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