Reading the headlines about Detroit raises fear in many public sector employees about their own pensions plans. However examples exist of well-run public plans that are managed and funded responsibly to deliver the most cost-effective retirement security to public employees.
A new study by the National Institute on Retirement Security entitled: Lessons from Well-Funded Public Pensions: An Analysis of Six Plans that Weathered the Financial Storm shows that Delaware, Idaho, Illinois, New York, North Carolina and Texas are all faring well under volatile and difficult circumstances.
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