Public pension plans fell short of their projected returns this year, adding to the burden on governments struggling to fund promised benefits to retired workers.

Public plans with more than $1 billion in assets earned a median return of 6.79% for the year ended June 30, the lowest since 2016, according to Wilshire Trust Universe Comparison Service data released Tuesday. Public pension plans project a median long-term return of 7.25%, according to data collected by Wilshire Associates in 2018.

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This article quotes selections from “America’s Pension Funds Fell Short in 2019” by Heather Gillers, in The Wall Street Journal, August 7, 2019.