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Aggregate funded ratio for US State pension plans up half a percent in Q3

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The aggregate funded ratio for US state pension plans increased by 0.4 percentage points during the third quarter of 2019 ending at 73.4 per cent, according to Wilshire Consulting. 

The quarterly change in funding resulted from a 1.3 per cent increase in asset values partially offset by a 0.7 percent increase in liability values. The aggregate funded ratio is estimated to have increased 7.2 percentage points year-to-date and 0.6 percentage points for the trailing twelve months.
 
“The third quarter’s rise in funded ratios was driven by positive returns for most asset classes,” says Ned McGuire (pictured), Managing Director and a member of the Investment Management & Research Group of Wilshire Consulting.  “The 1.3 percent increase in asset values during this quarter is the third consecutive quarterly asset increase during 2019.”

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