Milliman, Inc., a premier global consulting and actuarial firm, today released the latest results of its Public Pension Funding Index (PPFI), which consists of the nation's 100 largest public defined benefit pension plans.

During September, the Milliman 100 PPFI funded ratio declined from 75.0% on August 31 to 69.3% as of September 30. Public plans saw, in aggregate, investment losses of 6.6% for the period, erasing approximately $318 billion in market value, on top of a net negative cash flow of approximately $8 billion. Individual plans' estimated investment returns ranged from -9.6% to -3.3% for the month. 

For more information and to view the full Milliman 100 Public Pension Funding Index, go to http://www.milliman.com/ppfi/. To see Milliman's full range of annual Pension Funding Studies, go to https://www.milliman.com/en/retirement-and-benefits/pension-funding-studies. To receive regular updates of Milliman's pension funding analysis, contact us at [email protected].