By Steven Greenhut, includes "… "The grand jury found that OCERS is funded at the median point for public pensions plans," he noted. Yet it’s troubling that 70 percent funding would be considered relatively good news. "They should only be down at 80 percent in a bear market and we’re at the end of a bull market," said Ed Ring, president of the Tustin-based California Policy Center, which advocates pension reform…"