State pension plan funds’ median annualized returns for the period July 1, 2004-June 30, 2014 were stronger than those of defined contribution plan target date funds. They also outperformed portfolios that were invested 60% in equities and 40% in bonds, but did not perform as well as endowments, Pensions & Investments Online reports.
State plans’ median annualized return was 7.3% for the period; that of DC plans was 6.9% and that of 60/40 equity/bond funds was 6.8%.
The average allocations of the state plans’ assets were 51% in public equities, 26% in fixed income and 23% in alternative investments.
State plans’ median annualized return was 7.3% for the period; that of DC plans was 6.9% and that of 60/40 equity/bond funds was 6.8%.
The average allocations of the state plans’ assets were 51% in public equities, 26% in fixed income and 23% in alternative investments.
- Log in to post comments