South Dakota Pension Loaded Up on Berkshire Hathaway, Kroger, and Facebook Stock - Barron's

Last year, the Pew Charitable Trusts released a study of state pensions as they stood at the end of fiscal 2016. For most retirement systems, it was bad news. Overall assets stood at $2.6 trillion to cover total pension liabilities of $4 trillion.

Only four states had the assets to pay at least 90% of promised benefits to retirees. Of those four states, two states, South Dakota and Wisconsin, had so-called funded ratios on the brink of reaching 100%. South Dakota stood at 97% and Wisconsin at 99%. Later, they both hit full...

Let's block ads! (Why?)

https://www.barrons.com/articles/pension-buys-berkshire-hathaway-facebook-stock-51557337071

2019-05-12 11:00:00Z
CBMiW2h0dHBzOi8vd3d3LmJhcnJvbnMuY29tL2FydGljbGVzL3BlbnNpb24tYnV5cy1iZXJrc2hpcmUtaGF0aGF3YXktZmFjZWJvb2stc3RvY2stNTE1NTczMzcwNzHSAV9odHRwczovL3d3dy5iYXJyb25zLmNvbS9hbXAvYXJ0aWNsZXMvcGVuc2lvbi1idXlzLWJlcmtzaGlyZS1oYXRoYXdheS1mYWNlYm9vay1zdG9jay01MTU1NzMzNzA3MQ

Bagikan Berita Ini