They said it, we tweeted it

Quotes and quips from conference speakers shared on the Internet by P&I reporters and editors

Rotman International Centre for Pension Management's Keith Ambachtsheer:

It's the balance sheet, stupid (when discussing how to look at defined benefit plans).

Ontario Teachers is the No. 1 pension organization in the world.

Defined benefit vs. defined contribution debates are dysfunctional.

UniSuper Management's David Schneider:

One takeaway from this conference is it's a lot better in Australia than I thought it was.

The only risk control lever we have in place is the investment strategy.

Groom Law Group's Ian Lanoff:

Public pension plans have headline risk: They operate in a fish bowl.

Allianz Global Investors' Andreas Hilka:

Demographics are a bigger issue in Germany than in pension systems of other developed markets.

Florida State Board of Ad-ministration's Ash Williams:

The FSBA's funding ratio is a story of crisis, redemption and rebuilding.

Pension envy: taxpayers jealous of public pension plans

Former head of the Chilean Pension Supervisory Authority Solange Berstein:

When participants couldn't load up on equities in 2008, I got complaints. In 2009, I got thanks.

Former president and CEO of the Ontario Teachers' Pension Plan Jim Leech:

We want to dispel the idea that DB plans are bad.

How are we doing people who are not professional investors a favor by offering 20-30 investment options?

University of Oxford's Gordon Clark:

The ideal of a pension system is to be intergenerationally adequate.

There is incredible myopia in DC, with participants wanting to know, “What's my balance this month?”

U.S. Secretary of Education Arne Duncan:

As a nation, the lack of preparation for retirement is devastating.

Investing is a great way to teach math.

Not every teachers' pension fund has great governance.

Financial literacy is like a foreign language; you have to start students at a young age.

AP2's Tomas Franzen:

The government has instructed us not to put ESG before returns.

MIT Sloan School of Management's Robert C. Merton:

What are young people's retirement assets? Future contributions.

New Zealand Superannuation Fund's David Iverson:

Too much liquidity is a problem. So is too little. It's a balancing act.

Governance is the biggest risk we face.

CFA Institute's Jonathan Boersma:

What do you do when they present you with a live goat?

BP America's Gregory T. Williamson:

Portfolio risk is in the eye of the beholder.

National Employment Savings Trust's Paul Todd:

The U.K. has gone through a pretty big social experiment in terms of pensions.

Textron's Charles Van Vleet:

Too much liquidity is just as bad as too little liquidity.

This article originally appeared in the July 7, 2014 print issue as, "They said it, we tweeted it".