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<\/a><\/a>\nThe funded status of the Milliman PPFI plans improved by $266 billion during April, driven by estimated aggregate investment returns of 4.7% for the period. This lifted the plans\u2019 funded ratio to 87.6% as of April 30\u2014in stark contrast to the 83.7% seen at the end of March and even surpassing the 87.0% observed as of February 28. Individual plan returns ranged from 1.6% to 7.7%.<\/p>
\nDuring April, PPFI plan assets increased by $291 billion, to $6.009 trillion, while the total pension liability rose modestly, to $6.860 trillion from $6.843 trillion as of March 31. The deficit between estimated plan assets and liabilities narrowed from $1.117 trillion to $851 billion during the period.<\/p>
\n\u201cThanks to April\u2019s rebound, nearly half of the 100 largest public pension plans are now more than 90% funded,\u201d said Ryan Falls, co-author of the Milliman PPFI. \u201cWhile volatility remains a factor, the number of plans less than 60% funded has held steady at 11, reflecting the underlying resilience of the public pension system.\u201d<\/p>
\nRead this month\u2019s complete Public Pension Funding Index<\/a> or Milliman\u2019s full range of annual Pension Funding Studies<\/a>. To receive regular updates of Milliman\u2019s pension funding analysis, contact us at pensionfunding@milliman.com<\/a>.<\/p> \nAbout Milliman<\/b><\/p> \nMilliman leverages deep expertise, actuarial rigor, and advanced technology to develop solutions for a world at risk. We help clients in the public and private sectors navigate urgent, complex challenges\u2014from extreme weather and market volatility to financial insecurity and rising health costs\u2014so they can meet their business, financial, and social objectives. Our solutions encompass insurance, financial services, healthcare, life sciences, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. Visit us at milliman.com<\/a>.<\/p>