Public pensions now less than 60% funded: Goldman

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Public pensions now less than 60% funded: Goldman
wafr / Pixabay

Public pensions have been underfunded for years, and the coronavirus has only made their funded status even worse. Goldman Sachs Senior Pension Strategist Michael Moran told Yahoo Finance that he believes the average funding ratio for public pension funds is now down to 60%. Public pensions were 74% funded on average before the COVID-19 crisis, he added.

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