Stock Surge Boosts Pensions, but Private Markets Risks Rise
US public pensions could pay almost 90% of promised benefits if investment gains made in the first half of the fiscal year persist over the next six months, but risks...
By Martin Z Braun · Bloomberg Markets
US public pensions could pay almost 90% of promised benefits if investment gains made in the first half of the fiscal year persist over the next six months, but risks are also climbing, according to S&P Global Inc.