In the midst of all the doom and gloom surrounding pensions and retirement in general comes this ray of sunshine: public pension plan administrators are increasingly confident about their funds' sustainability and their readiness to meet future retirement issues.
Those are the indications from the latest survey from the National Conference on Public Employee Retirement Systems, which, together with Cobalt Community Research, surveyed a range of state, local and provincial government pension funds with more than 11.8 million active and retired members and with assets exceeding $1.8 trillion.
Respondents' confidence in their readiness to deal with future retirement trends and issues is up, with their overall confidence rating at 7.9 on a 10-point scale, up from 7.8 in 2013 and 7.4 in 2011.
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