hand drawing arrows As of June30, 2018, the PPFI deficit is the biggest it's been since the indexbegan in September of 2016, at $1.448 trillion. (Photo:Shutterstock)

Asset performance during the second quarterthat was “lackluster” caused the funded ratio of public pensions to fall to 71.2 percent,representing a drop of $23 billion.

According to the Milliman Pension Funding Index, the country's 100largest public defined benefit pension plans demonstrated a“lackluster asset performance of 0.70 percent in aggregate” thatresulted in a decrease of $23 billion.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

Retirement
Defined Benefits
Investment Instruments