NCPERS Testifies on Calif. Pension Proposal

Shaw, Helen M.
March 2005
Investment Management Weekly;3/7/2005, Vol. 18 Issue 9, p1
Reports on the testimony of Fred Nesbitt, executive director of the National Conference on Public Employee Retirement Systems, before the California State Budget Subcommittee on California Governor Arnold Schwarzenegger's proposal to replace defined benefit plans with defined contribution plans. Relevance of define contribution plans; Implication of the proposal for the public employees of the state; Effect of defined contribution plans on long-term government workers.


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