U.S. public pensions ended the first quarter with a median gain of 7.5 percent, the best performance since 2010, as stocks and real estate boosted returns, Wilshire Associates said.
The retirement plans have recorded a median investment gain of 16.1 percent since the stock indexes reached recession lows in March 2009, the company said in a report Wednesday. The median annualized return for the past 10 years was 6.03 percent, according to the survey. The returns don’t include fees.
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