The Secrets of Well-Funded Pensions

Source: Elizabeth Kellar, HR News, Vol. 81 no. 11, November 2015
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The past decade has been a sobering time for public pensions. After U.S. stock market declines took a big bite out of assets in 2008 2009, few pension plans weathered the prolonged downturn well. What accounts for the difference in funding levels between the plans that retained value and those that did not?