Governance Practices and Long-term Investment Strategies Have Evolved Gradually as Plans Take On Increased Investment Risk

Bovbjerg, Barbara D.
September 2010
GAO Reports;9/20/2010, preceding p1
Government Documents
The article offers information on the study conducted by U.S. Government Accountability Office on the state and local pension plans. The study examines on who makes the investment decisions, and what are their decision making guides, how the plans allocate their assets and it manages their investment, and the practices that the plans are using. The study finds that a variety of stakeholders are involved in guiding plan investments.


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