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<a href="http://www.accessmylibrary.com/coms2/summary_0286-9836728_ITM" title="Facts and information about New guidelines for writing or revising your pension plan's investment policy: the recent GFOA recommended practice on investment policies for deferred compensation plans and the associated policy checklist offer useful guidance and tools for either developing policies from scratch or reevaluating existing policies.">New guidelines for writing or revising your pension plan's investment policy: the recent GFOA recommended practice on investment policies for deferred compensation plans and the associated policy checklist offer useful guidance and tools for either developing policies from scratch or reevaluating existing policies.</a>
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New guidelines for writing or revising your pension plan's investment policy: the recent GFOA recommended practice on investment policies for deferred compensation plans and the associated policy checklist offer useful guidance and tools for either developing policies from scratch or reevaluating existing policies.
In 2003 GFOA adopted a recommended practice encouraging pension systems to develop and adopt formal investment policies. Soon thereafter, the Committee on Retirement and Benefit Administration realized that a similar recommended practice was needed for defined contribution retirement plans. This recommended practice, Investment Policies Governing Assets in a Deferred Compensation Plan, was adopted in 2004. (1)
In developing this new recommended practice, the committee recognized that creating a comprehensive investment policy could be a daunting challenge for many organizations. At the same time, the committee determined that a detailed investment policy ...
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Source: HighBeam Research, New guidelines for writing or revising your pension plan's investment...