Stress Testing of Public Pensions Can Help States Navigate the COVID-19 Economy




Overall, the typical pension fund is now expected to return approximately 6% annually over the next 20 years, compared with 6.4% pre-pandemic (Figure 4). This change in outlook is consistent with the reduction in the median long-term return found by a recent survey of pension investment consultants13 and aligns with revisions for public pension return expectations published by S&P Global.14

Author(s): Greg Minnis

Publication Date: 8 March 2021

Publication Site: Pew Trusts