Tag: state pension
The brief’s key findings are: One way that public pension plans assess their investment performance is to compare returns by asset class to selected benchmarks. Plans pay fees to external asset managers with the expectation that they will exceed the benchmarks. As these fees have come under greater scrutiny, the question is whether higher fees…
The brief’s key findings are: To improve the funded status of state and local pensions, many plan sponsors have cut benefits, particularly for new hires. Such cuts, without offsetting increases in wages, could potentially make government employment less attractive to workers. The analysis found that workers joining the public sector after benefit cuts had earned less in…
