Market Rout Sends State and City Pension Funds to Worst Year Since 2009
Simultaneous declines in stocks and bonds hammered the funds in the year ended
in June, adding to pressure on government finances
市場崩盘將州和城市養老基金送入2009年以來最糟糕的一年
在截至6月的一年中，股票和債券的同時下跌錘擊了基金，增加了政府財政的壓力
https://i.imgur.com/Z6ompIf.jpg
The California Public Employees’ Retirement System reported a minus 6.1% retu
rn for its latest fiscal year.
PHOTO: MAX WHITTAKER FOR THE WALL STREET JOURNAL
加州公務員退休系統報告其最近一個財政年度的回報率為負6.1%。
照片：《華爾街日報》的MAX WHITTAKER
Public pension plans lost a median 7.9% in the year ended June 30, according t
o Wilshire Trust Universe Comparison Service data released Tuesday, their wors
t annual performance since 2009 and a fresh sign of the chronic financial stre
ss facing governments and retirement savers.
Much of the damage occurred in April, May and June, when global markets came u
nder intense pressure driven by concerns about inflation, high stock valuation
s and a broad retreat from speculative investments including cryptocurrencies.
Funds that manage the retirement savings of teachers, firefighters and police
officers returned
根據威爾希爾信託宇宙比較服務週二釋出的資料，截至6月30日的年度，公共養老金計劃
損失了7.9%中位數，這是自2009年以來最糟糕的年度表現，也是政府和退休儲蓄者面臨長
期財務壓力的新跡象。
大部分損失發生在4月、5月和6月，當時全球市場因對通貨膨脹、高估值和包括加密貨幣
在內的投機性投資的廣泛撤退而承受了巨大壓力。 管理教師、消防員和警察退休儲蓄的
資金退回了