Last year, the Pew Charitable Trusts released a study of state pensions as they stood at the end of fiscal 2016. For most retirement systems, it was bad news. Overall assets stood at $2.6 trillion to cover total pension liabilities of $4 trillion.
Only four states had the assets to pay at least 90% of promised benefits to retirees. Of those four states, two states, South Dakota and Wisconsin, had so-called funded ratios on the brink of reaching 100%. South Dakota stood at 97% and Wisconsin at 99%. Later, they both hit full...
https://www.barrons.com/articles/pension-buys-berkshire-hathaway-facebook-stock-51557337071
2019-05-12 11:00:00Z
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