Fact sheet clears up pension fallacies.

A group of organizations released a joint fact sheet on state and local government pensions, explaining the operations and funding of public pensions, the degree to which they fit in the overall budget picture at the state and local level, and the steps state and local governments are taking to bring their pension plans into long-term solvency The fact sheet was issued jointly by the National Conference of State Legislatures, National Association of Counties, United States Conference of Mayors, National League of Cities, International City/County Management Association, National Association of State Auditors, Comptrollers and Treasurers, Government Finance Officers Association, International Personnel Management Association for Human Resources, National Council on Teacher Retirement, and the National Association of State Retirement...