"[In] 2007, most public pensions were reasonably well-funded. Several were over 100 percent funded, a good number were over 90 percent funded, and many were above 80 percent funded.... Then, in the two year period from 2008 to 2009, we see the funded ratios drop for almost all plans. Florida drops from 101.4% funded to 84.1% funded. New York drops from 101.5% funded to to 94.3% funded. Oregon drops from 112.2% funded all the way down to 80.2% funded ... The single most important thing states can do to have well-funded public pensions is to fully pay their contribution to the pensions each year."  MORE >>