On balance, the nation's public pension funds' continue to tighten operations in the wake of the dramatic investment losses experienced after the financial crisis.
Yet some are still paying unusually high investment management fees, according to the 2015 annual study of public funds from the National Conference on Public Employee Retirement Systems, the largest trade association for public sector pension funds.
NCPERS' annual study took the measure of 179 state and local pension funds with 13.5 million participants and $2 trillion in assets.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
