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Pension Funds

State pension funding little changed in quarter, past 12 months – report

The aggregate funding ratio for U.S. state pension plans as of June 30 was 70.8%, the same as three months earlier, a report from Wilshire Consulting said.

The ratio remained at 70.8% due to a 0.8% increase in total liabilities, offset by a 0.9% increase in assets, according to the estimate by Wilshire Associates' institutional investment advisory and outsourced chief investment officer business unit in the second quarter. Wilshire estimated the 130 U.S. state pension plans had total assets of about $3.259 trillion and liabilities totaling $4.607 trillion.

As of June 30, 2017, the estimated aggregate funding ratio was 70.1%.

The aggregate funding ratios are based on an estimate of assets and liabilities of state pension funds with an assumed asset allocation of 38% domestic equities, 23% core fixed income, 19% international equities, 7% each commodities and real estate, and 6% high-yield bonds.