US - San Diego's pension fund deficit has fallen US$400m to US$1bn, according to a pension specialist hired by SDCERS.
The reduction was attributed to a combination of accounting changes, an additional loan pumped into the system and better than expected investment returns. It meant the San Diego City Employees...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date