U.S. Public Pensions Post Worst Returns Since Market Crash

Updated on
  • Government-worker retirement plans had 0.36% return last year
  • Underperformance may lead to higher bills for states, cities

U.S. state and city pensions posted the lowest investment returns since the credit crisis, falling far short of targets the funds count on and raising the specter of growing taxpayer contributions to keep them afloat.

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