Public Pension Returns Up; Allocate More To Risky Investments: Study

The 2013 NCPERS Public Retirement System Study conducted jointly by the National Conference on Public Employee Retirement Systems and Cobalt Community Research in October 2013 reviewed public funds’ financial standing and their readiness to meet future liabilities.

The study covered 241 government funds that had assets over $1.4T and memberships (both active and retired) of 12.4M.

Key insights from the study

Funds showed heightened confidence in the future, became more cost effective and went ahead with operational reforms to make objectives more reachable. Investment returns improved over selected time frames though funding levels fell a tad compared to last year.

Overall confidence on being able to address retirement-related issues in the future improved to a reading...