"[The study] includes responses from 147 state and local government pension funds with a total number of active and retired memberships surpassing 7.5 million and assets exceeding 1.2 trillion.... The study finds that public funds continue to respond to changes in the economic, political and social landscape by adopting substantial organizational and operational changes their stakeholders to ensure long-term sustainability for their stakeholders. Efforts include increasing age and service requirements, increasing member contributions, stronger operational practices and more diligent oversight."  MORE >>