COVID-19 will bring total pension debt to $1.62 trillion this year

There’s no denying that COVID-19 has impacted the global economy, and it’s weighed on public pension funds too. The Institute for Pension Fund Integrity published a report on COVID-19’s impact on public pensions.Q3 2020 hedge fund letters, conferences and moreData from the Equitable Institute suggests that COVID-19 will bring total pension debt to $1.62 trillion this year. Those losses haven’t hit budgets yet, but they will mean higher pension bills starting next year.Public pensions before the COVID-19 crashThe Institute for Pension Fund Integrity (IPFI) reports that before the pandemic, stat…

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HEDGE accordingly