Pension Funds Suffer Record Losses in First Quarter

May 12, 2020, 04:01 AM

Public pensions fell by the largest amount on record in the first quarter, as a result of market losses driven by the pandemic. Wall Street Journal reporter Heather Gillers explains.
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Public pensions fell by the largest amount on record in the first quarter, as a result of market losses driven by the pandemic. Wall Street Journal reporter Heather Gillers explains.