A commitment to making the required annual contribution in good and bad financial times, realistic investment assumptions and adjusting benefits as needed – all are characteristics shared by the historically best-funded pension systems.
That was the overarching finding of a study by the Center for State and Local Government Excellence titled "Success Strategies for Well-Funded Pension Plans," which sought to find common traits among successful defined benefits plans.
The study examined the specifics of the Delaware Public Employees' Retirement System, the Illinois Municipal Retirement Fund, the Iowa Public Employees' Retirement System and North Carolina Retirement Systems.
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