Amid all the press about unfunded liabilities and legal battles, some public pension systems manage, and are managed, quite well.
Perhaps not surprisingly, the Center for State and Local Government Excellence's recent study, "Success Strategies for Well-Funded Pension Plans," found that one of the best ways to achieve financial health is a commitment to fully fund annual contributions. Of course, that's easier said than done.
Still, the average funded ratio for the healthiest plans highlighted by the center ranged from 87.6 percent to 99.8 percent. By comparison, the average funded ratio of the largest 150 public pension plans in 2012 was 72 percent.
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