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Public Pensions' Resilience Is the Untold Story of the Market Downturn
National Conference on Public Employee Retirement Systems [NCPERS] Link to more items from this source
[Opinion]
Jan. 3, 2023

"One-year returns are not how we measure the stability and health of public pensions. What counts is their ability to make good on their promises over a long-term horizon. No U.S. public pension system has ever missed a payment to workers ... investment performance isn't the only thing that affects pension sustainability. Employees continue to contribute to funds, as mandated. Employer contributions have risen ... [We] are seeing improvement in the number of states and localities that opt to honor their commitments rather than invent new reasons to avoid them."

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