Editor's Note
W. Bartley Hildreth

The Impact of New Vendors on Depositor Demand and Performance of the Texas Local Government Investment Pool
Julius A. Nukpezah and Robert L. Bland

Public Pensions:
Complex Systems Still in Flux
Christopher Mier

How Well Does the Risk-Free Rate Predict the Future Rate of Return on Investments?
Implications for Public Defined-Benefit Pension Plans
Kenneth A. Kriz and Gang Chen

Rating Downgrades and Retiree Benefits
Natalie R. Cohen