Stock gains lift state pension funding for first time since 2014

U.S. STATE PENSIONS improved overall for the first time since 2014, driven by global stock-market gains. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
U.S. STATE PENSIONS improved overall for the first time since 2014, driven by global stock-market gains. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
NEW YORK -┬áThe health of United States state pension systems improved for the first time since 2014 because of global stock-market gains, according to Wilshire Consulting. Pensions had 70.2 percent of assets required to meet obligations to retirees in fiscal 2017, an increase from 67.4 percent in the prior year, the Santa Monica, Calif.-based firm…

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