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2013 Fact Sheet on State and Municipal Bankruptcy, Municipal Bonds, and State and Local Pensions (PDF)
National Governors Association, NASRA [National Association of State Retirement Administrators] and nine other associations Link to more items from this source
Feb. 8, 2013
"With nearly $3 trillion set aside in pension trusts for current and future retirees, most states and cities have substantial assets to weather the economic crisis.... State and local governments are taking steps to strengthen their pension reserves and have a long-term time horizon.... Long-term investment returns of public funds continue to exceed expectations.... Retirement systems remain a small portion of state and local government budgets."

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