• Wilshire Advisors estimated the aggregate funded ratio for U.S. state pension plans fell 2.4 percentage points in Q3 2026 to 85.4%.
• The move reflected a 2.0% drop in asset values, alongside a 0.7% rise in liabilities.
• Funded ratios remained higher on a year-to-date basis, up 1.4%, with a 2.4% gain over the past 12 months.
• Positive equity performance failed to offset declines in real assets and fixed income, producing negative overall portfolio returns.
• A September selloff across equities, real assets, investment-grade fixed income coincided with the Fed’s first rate increase since July 2023.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Wilshire Advisors LLC published the original content used to generate this news brief on October 12, 2026, and is solely responsible for the information contained therein.