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Posted on: Aug. 9, 2022, 1:31 p.m.
'It was a really bad quarter': Public pensions lost a median of 7.9% from fiscal year 2021 to 2022, their worst performance since 2009, The Wall Street Journal reported Tuesday. Public pensions last year had a record-setting median return of 27%, but retirement plans remain underfunded as the growth of costs has outpaced the growth in assets, according to the WSJ, citing data from analytics firm Wilshire Trust Universe Comparison Service. Full investment news articleRelevent to this post: Los Angeles County Employees Retirement Association Louisiana Economic Development,