Rebuilding, slowly: Net assets of the 100 largest U.S. public pension funds reporting assets for fiscal 2012 totaled $2.73 trillion. While they have recovered from their recent lows, assets are still 6.7% below 2007 levels.
Changing allocations: Alternatives continue to gain a larger slice of the pie, totaling 22.7% in 2012, up 2.7 percentage points from fiscal 2011.
Lowering expectations: Assumed actuarial rates of return continue to drift downward. The average assumed rate of return in 2012 was 7.76%, down 20 basis points from pre-crisis levels.
Falling behind: Based on the latest actuarial data, the average funding ratio for the universe was 70.03%.
Sources: Annual reports
Compiled and designed by Timothy Pollard and Gregg A. Runburg