Equable educates employees, retirees, policymakers, and stakeholders about how to achieve retirement plan sustainability, accountability, and income security.
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Equable Institute retweeted
New: For millions, the fate of their hard-fought retirement savings may hinge on the boom-or-bust potential of A.I. In states like Calif., N.Y. and Texas, officials have started to question their exposure out of fear that sky-high returns may not last forever
More below
Equable Institute retweeted
Public pension fund holdings of AI-related companies continue to grow.
In a new Equable brief, we estimate that state and local pension funds had between $578 billion and $707 billion invested in AI-related companies as of Q2 2026.
That’s 9%–11% of public pension assets tied to both the upside and the downside of concentration in AI companies.
We built this estimate by starting with 13F filings from public pension funds that report their holdings, extrapolating to funds that don’t (because they use external asset managers), and then adding estimated AI investments held through private equity and corporate debt (which collectively lack transparency).
Pension funds could provide much more transparency about their AI investments.
equable.org/report/brief-pen…
2026 estimated pension funded ratios by state:
21 Resilient (90%+)
28 Fragile (60–90%)
2 Distressed (60% or less): NJ 57.4%, IL 57.1%
See your state: equable.org/report/state-of-…
#PublicPensions
Public pensions are on track for an 11.4% average return in fiscal 2026, up from 9.37% projected in July. It's the 4th straight year returns beat the average assumed rate.
Full update: equable.org/report/state-of-…
#PublicPensions
The national average funded ratio for state and local pension plans is now estimated at 86.0% for 2026, up from 85.0% in July.
Full trend from 2001 to 2026: equable.org/report/state-of-…
#PublicPensions
October update to State of Pensions 2026, vs. July:
Funded ratio: 85.0% → 86.0%
Unfunded liabilities: $1.13T → $1.06T
Avg. return: 9.37% → 11.39%
Full update: equable.org/report/state-of-…
#PublicPensions
At the PIE Network Summit in Chicago this week? Equable is a sponsor. Find our Executive Director, Anthony Randazzo, and talk public retirement systems that work for educators and schools.
#PIENetwork #RetirementSecurity
The assumed rate of return just fell to 6.88% — the lowest level ever recorded. Even that may still be too optimistic.
Full data: equable.org/data/assumed-rat… #PublicPensions #RetirementSecurity
Most public workers never get a real explanation of how their pension is calculated.
Equable Institute has free resources to fix that: guides, a benefit calculator, and COLA explainers. equable.org/resource/public-…
#PublicPensions #FinancialLiteracy
Not every pension is protected from inflation. COLA rules vary by state and by plan — some automatic, some ad hoc, some nonexistent. Read more: equable.org/resource/public-…
#PublicPensions #COLA #PensionPolicy
A quick guide to picking the right public pension dataset for your research: equable.org/resource/public-…
The California Retirement Scorecard for AB 1383 is now interactive.
AB 1383 passed out of the Senate Appropriations Committee last week and is expected to come to a final vote this month. See how it impacts workers:
equable.org/news/updated-cal…
#PublicPensions #CalPERS
Public pensions now hold an estimated $500–600B in A.I.-related companies, about 8-10% of assets.
Investments are just one of four areas where A.I. will impact pensions. Read more:
equable.org/resource/the-man…
#PublicPensions
Public pensions are in the best shape in years. Whether it holds comes down to 4 things: market returns, contribution discipline, valuation risk, and assumed returns.
Read State of Pensions 2026 → equable.org/report/state-of-…
#PublicPensions #RetirementSecurity
We predicted 2025 would land at 82.5% funded with $1.27T unfunded and 9.5% returns.
Actual: 81.2% funded, $1.37T unfunded, 10.4% returns. Here's why → equable.org/report/state-of-…
#PublicPensions #PensionResearch
Best-funded statewide plan: Washington Law Officers, 143.4%.
Worst: California Judges, a pay-as-you-go plan, 3.1%.
31% of plans are Resilient, 59% Fragile, 10% Distressed → equable.org/report/state-of-…
#PublicPensions #FundedRatio
"85% funded" nationally covers plans from 119.6% (Oklahoma PERS) to 24.6% (Chicago Municipal).
42 plans are over 100% funded. 24 are below 60% → equable.org/report/state-of-…
#PublicPensions #FundedRatio
One of the strongest return runs in pension history — and four states still averaged under 5pp annual asset growth while sitting below 90% funded: OH, NC, CO, AK.
Falling behind in a boom is structural → equable.org/report/state-of-…
#PublicPensions #PensionInvesting
Indiana public employees have an important choice to make.
SB14 lets current TRF and PERF "My Choice" DC members switch to a Hybrid plan. The window closes Dec 31, 2026.
New Equable scorecards lay out what it means for your retirement benefits: equable.org/news/indiana-sen…
The average assumed return for public pension plans is now 6.88%, down from 8.07% in 2001.
Plans assuming more than 7% have fallen from 230 to 60 — but the trend toward realism has stalled → equable.org/report/state-of-…
#PublicPensions #AssumedReturn
