The National Conference on Public Employee Retirement Systems has stepped into the fray with its own set of fiduciary guidelines to help pension funds maximize on their investments, but not overstep their bounds with overly risky behavior.
NCPERS' Best Governance Practices for Public Retirement Systems includes recommendations on board practices, policies, risk oversight, strategic planning and stakeholder communications.
The organization, which represents more than 550 funds holding almost $3 trillion in assets, says that state and local government pension funds are under intense scrutiny to reign in risk and provide the best benefits to their members, as well as taxpayers and other stakeholders.
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