"Double-digit returns were the norm for U.S. public pension plans for the year ended June 30, with smaller funds and those focused on domestic equities or taking opportunistic positions in credit achieving the best results.... The median return of the 42 plans analyzed ... all with assets of more than $1 billion -- was 12.45%, slightly below the 12.61% median for public plans with more than $1 billion[.]"  MORE >>