Funding levels of public pension plans rebound

Posted On: May. 3, 2021 1:48 PM CST

U.S. public pension funds that had the highest funding levels were hit hardest at the beginning of the COVID-19 pandemic but also recovered the fastest, according to a Goldman Sachs report, Institutional Investor reported. The funds with the highest level of declines at the start of the pandemic had the lowest allocations to fixed-income investments.