Some funds, like the Houston Firefighters Relief and Retirement Fund began investing in cryptocurrency, according to a Reuters report. A lack of transparency makes it difficult to assess just how much money funds lost in the crypto crash this spring. Funds don't report second quarter returns until later in the summer.

As interest rates increase and market stability decreases, those pensions could face more trouble.

Some funds, like the Houston Firefighters Relief and Retirement Fund began investing in cryptocurrency, according to a Reuters report. A lack of transparency makes it difficult to assess just how much money funds lost in the crypto crash this spring. Funds don't report second quarter returns until later in the summer.

As interest rates increase and market stability decreases, those pensions could face more trouble.