Conference on Public Employee Retirement Systems is recognizing 164
public pension plans for their contributions to enhancing public
understanding of retirement systems.
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Hank H. Kim, Esq., executive director and counsel of the National Conference on Public Employee Retirement Systems (Photo: Business Wire)
NCPERS said today it is awarding Certificates of Transparency to 164
plans that participated in the 2017
NCPERS Public Retirement Systems Study, which was released in
January. The sweeping study takes stock of efforts by pension trustees,
managers, and administrators to improve their finances and operations.
“State and local pension plans are committed to effective governance,
fiscal practices, and disclosure,” said Hank
H. Kim, executive director and chief counsel of NCPERS. “The plans
that contributed to our study are going an extra mile by helping to
improve transparency and enhance open discussion between public pension
plans and the public at large.”
The data gathered for the 2017 NCPERS Public Retirement Systems Study
provides insights into how public pension systems adapt in the face of
constant change, including legislative and regulatory developments and
ups and downs in financial markets.
Study participants completed a five-page study instrument covering 22
topics. The instrument included detailed sections on plan statistics,
current and target asset allocation and investment returns, retirement
benefits offered or planned, business practices, and oversight
practices, among other topics.
“The business intelligence provided by the 164 study participants
supports efforts by the public pension community as a whole to
comprehend and analyze challenges and find opportunities for steady
improvement,” Kim said. Pension plans can access the study in
“dashboard” format, enabling them to build models and evaluate their own
data against the study’s findings, he noted.
The 2017 study drew on responses from 62 state and 102 local government
pension funds with more than 15.5 million active and retired memberships
and market assets totaling $1.8 trillion. (The number of state plans
exceeds 50 because some states have multiple plans.) NCPERS conducted
the seventh annual study in September through December 2017 in
partnership with Cobalt Community Research.
The National Conference on Public Employee Retirement Systems (NCPERS)
is the largest trade association for public sector pension funds,
representing more than 500 funds throughout the United States and
Canada. It is a unique non-profit network of public trustees,
administrators, public officials and investment professionals who
collectively manage more than $3 trillion in pension assets. Founded in
1941, NCPERS is the principal trade association working to promote and
protect pensions by focusing on advocacy,
for the benefit of public sector pension stakeholders.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180313006224/en/