Critics often advance the false imperative that cities and states should be able to cover their long-term pension liabilities with current revenues, according to NCPERS
Partnering with Cobalt Community Research, NCPERS
collected and analyzed data on funds' fiscal conditions and steps they take to ensure fiscal and operational integrity.
Founded in 1941, NCPERS
is the principal trade association working to promote and protect pensions by focusing on advocacy, research and education for the benefit of public sector pension stakeholders.
surveyed 241 state and local government pension funds with more than 12.
The full text of the 2012 NCPERS
Public Fund Study is available at www.
The UFT believes that education is the door to a productive life and that their students have what it takes to overcome personal and financial strains in the pursuit of learning," said incoming NCPERS
President Mel Aaronson.
Julian Regan, Vice President/Senior Consultant with The Marco Consulting Group, who collaborated with NCPERS
on the initiative, noted that private sector lapses and lack of adherence to risk controls led to the collapse of well-known Wall Street firms and contributed to market losses that at one point eliminated $4 trillion from pensions worldwide.
And as both the GAO and NCPERS
have noted, the few plans that are in well-publicized trouble typically have not been adequately funded by their government sponsors.
As envisioned by NCPERS
, the SCP would be a public-private enterprise.
The 2011 NCPERS
Public Fund Study, conducted by the National Conference on Public Employee Retirement Systems (NCPERS
) and Cobalt Community Research, surveyed no less than 215 public pension funds in March and April.
New research by NCPERS
paints a much different, much more accurate and far more positive picture.
Executive Director & Counsel, noting that some recent studies relying on older data have dramatically overstated the financial challenges to public pensions.