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Governance Problems At Root of Underfunding of Government Pension Plans
Pension Pulse [Opinion] June 10, 2012
"The real crisis in U.S. public pension funds isn't their funding, it's their lack of proper governance. In most cases, they pay monkey salaries and get monkey results which only come to the forefront when a financial crisis hits, exposing their shortcomings. It's time for U.S. lawmakers to stop the insanity of dismantling public sector pension funds and start implementing intelligent reforms, like a complete overhaul of pension governance."
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