Public retirement systems continue improving cost efficiency, increasing funding ratios and fine-tuning benefits to strengthen their capacity to serve retired public servants for years to come, according to a sweeping annual study by the National Conference on Public Employee Retirement Systems (NCPERS).
The study underscores the many ways in which pension trustees, managers and administrators are working to ensure funds' fiscal and operational integrity, according to Hank H. Kim, executive director and chief counsel of NCPERS.
"Public pension funds have proved themselves to be durable, reliable investments for more than a century, but they are not resting on their laurels," Kim said. "Their commitment to constant improvement is securing an even brighter future for the millions of public servants who participate in pension plans."
Read more at Public Pensions Pass the Test