Say it ain't so is Loopy capital raiding pension funds country wide. Stealing from lowly civil servants And teachers. SHAME

https://www.google.co.uk/amp/s/seekingalpha.com/amp/article/1846072-loop-capital-11th-annual-public-pension-report-any-improvements-this-year

On a weighted average basis, the funded status for the 247 state pension funds declined by two percentage points. The number of states with improvements in their weighted average funded status was confined to a precious few.

Thirty-one states continue to struggle with making their full Annual Required Contributions due to the continuing trend of reduced federal support for states and ongoing pressure on state budgets from slow revenue growth.

Because of the time lag involved in realizing savings from pension reform measures, the overall decline in funded status from 2011 to 2012 does not provide a sense that the legislative progress in reducing pension costs is being translated into a reduction in state fiscal stress as of yet.

Moreover, the progress previously made by Rhode Island and some other states is being unwound by controversies over the use of alternative investments, legal challenges to pension reform legislation, and resurgent union campaigns to stop pension reform progress.

With new GAAP pension accounting requirements coming into effect, the confusion about the performance of pension plans is likely to increase. The fact that Moody's, has decided to create their own system of pension evaluation rather than rely on the new GAAP underscores the growing confusion over how best to evaluate these systems.

The tepid recovery, the ongoing pension crisis in Illinois, Chicago, Detroit, and the severe underfunding in Puerto Rico suggest that public policy will remain guided by the severe pension problems of the few instead of the performance that most states are experiencing.