U.S. Public Pension Assets Nearly Reach 2007 Peak
According to United States Census data, U.S. public pension funds rose to the highest since a peak just prior to the global financial crisis. Public pension assets in 100 of the largest funds, including cash and securities, increased to US$ 2.84 trillion. This is a 1.7% increase from last quarter.
The highest amount recorded was the fourth quarter of 2007 totaling US$ 2.93 trillion. The rising tide of the stock market buoyed performance; however, in many circumstances, pension assets have not kept pace with pension liabilities.
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