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Market Declines and Public Pensions (PDF)
National Association of State Retirement Administrators/National Council on Teacher Retirement 
Dec. 5, 2008
6 pages. Excerpt: This issue brief describes how public plans 1) employ strategies to soften the effects of market volatility on plan financing; 2) have weathered past market crises; 3) remain disciplined investors, even in the wake of sharp market declines; and 4) are designed to keep contributions predictable and within historical norms.
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