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Effects of the Financial Crisis on the Alternatives for Public Pensions (PDF)
The Brookings Institution 
May 9, 2010
10 pages. Excerpt: [T]he crisis did not just create a one?]time adjustment in values and funding levels. The investment alternatives for plans look different now than they did a few years ago. This is partly because they have changed and partly because we have learned lessons, or sometimes relearned them, about risks and returns from individual asset classes and about overall asset?]liability management. This paper reviews the various changes affecting public pension plans and draws some conclusions fortheir future1.
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