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August 12, 2022

Newsfeed: Pension Funds Suffer Worst Year Since 2009

Newsfeed: Pension Funds Suffer Worst Year Since 2009

It sure is looking like the public pension ponzi is going to be even harder to sustain than over the last few years… That’s because data released by Wilshire Trust Universe Comparison Service this week showed that public pension funds fell a median 7.9% for the year ended June 30. It marks their “worst annual performance since 2009,” according to reporting by the Wall Street Journal.

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