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<a href="http://www.accessmylibrary.com/coms2/summary_0286-25076383_ITM" title="Facts and information about Pension investment policies: The state of the art: GFOA reviewed more than 40 pension in vestment policies to identify prevailing practices and to define a best practice for governments developing or modifying such policies.">Pension investment policies: The state of the art: GFOA reviewed more than 40 pension in vestment policies to identify prevailing practices and to define a best practice for governments developing or modifying such policies.</a>
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Pension investment policies: The state of the art: GFOA reviewed more than 40 pension in vestment policies to identify prevailing practices and to define a best practice for governments developing or modifying such policies.
Pension investment policies are the linchpin of public pension investment programs. This article summarizes the results of an in-depth review of more than 40 investment policies obtained from GFOA members nationwide. The most prevalent practices are identified and compared with GFOA's Recommended Practices for State and Local Governments, and a best practice for pension investment policies is defined.
The Role of Investment Policies
Why do pension investment policies matter? Not long ago, many pension systems functioned without formal investment policies. The Illinois Municipal Retirement Fund, for example, adopted its investment policy in 1986. ...
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