A new study from Spectrem Group finds that mostmembers of public pension funds are unaware that theirpensions are not just underfunded, but fallingshort of performance targets.

Even though equities set records throughout 2017, according tothe study, “a significant number of U.S. public pension fundsremain woefully underfunded.” And what’s worse is that members ofthese 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 howmembers want their funds managed and the actual approach manymanagers may be taking.

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