3 Points on High Pension Performance from Harvard Business Review.

Harvard Business Review tells us that public pensions perform better when these charactersitics exist:

• Pensions are free from politics & able to focus on maximum returns
• Avoid poor investment choices by public pensions that are linked to:
  • elected official interference related to local economic devleopment
  • elected official interference related to compensation or recruitment of talented staff
• Strong governance model protects pensions from political whims that diminish returns 

Harvard Business Review | Public Pension Funds Perform Better When They Keep Politics at Bay