State Pensions, University Endowments Take a Beating in Market Rout
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Teachers may be leaving the profession in record numbers this year following their tour of duty on the pandemic frontlines, but there isn't much sanctuary, safety, or security to be found in retirement either.
On Tuesday, data released from the Wilshire Trust Universe Comparison Service shows that state and local pension funds for teachers, firefighters, and police officers don't deserve passing marks for their performance amid this year's market downturn. And their university endowment counterparts certainly aren't setting a high grading curve.
Source Fool.com
