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
市场崩盘将州和城市养老基金送入2009年以来最糟糕的一年
在截至6月的一年中，股票和债券的同时下跌锤击了基金，增加了政府财政的压力
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
加州公务员退休系统报告其最近一个财政年度的回报率为负6.1%。
照片：《华尔街日报》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
根据威尔希尔信托宇宙比较服务周二释出的资料，截至6月30日的年度，公共养老金计划
损失了7.9%中位数，这是自2009年以来最糟糕的年度表现，也是政府和退休储蓄者面临长
期财务压力的新迹象。
大部分损失发生在4月、5月和6月，当时全球市场因对通货膨胀、高估值和包括加密货币
在内的投机性投资的广泛撤退而承受了巨大压力。 管理教师、消防员和警察退休储蓄的
资金退回了