Most public pension plans are distressed or fragile, and there are better ways – risk-managed pensions, guaranteed return plans, hybrid plans or any combination – to design them for the 21st Century, says a new report.
For the annual review, an investment policy statement is highly recommended, which outlines general rules for the manager, provides the general investment goals and objectives and describes the strategies to employ.
Gov. Ron DeSantis has made changes that direct investment decisions to be based only on “pecuniary factors" and they can't include "social, political or ideological interests."
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