State-sponsored pension plans were 88% funded in 2006, up from an estimated 87% in 2005, according to a new report by Wilshire Consulting.
In 2006, state plans had an average 68.7% of their assets allocated to equities — including real estate and private equity — and 31.3% to fixed income, compared with 65.3% equities and 34.7% fixed income in 2001, according to the report.
The firm used actuarial data from 64 state retirement systems with combined assets of $850 billion and combined liabilities of $986.5 billion.
