TITLE

Panel Warns Against Use of Pension Obligation Bonds

AUTHOR(S)
Jagoda, Naomi
PUB. DATE
February 2014
SOURCE
Investment Management Mandate Pipeline;2/25/2014, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on a warning by a panel commissioned by the Society of Actuaries that public pension plans should not be funded with instruments that bear risk or delay cash funding like pension obligation bonds. Topics include the need to improve risk management practices of public pensions plans by making more information available to stakeholders, principles to be followed by effective pension funding programs, and benchmarks that should be disclosed to understand current risk levels.
ACCESSION #
94734514

 

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