U.S. Public Pension Handbook: A Comprehensive Guide for Trustees and Investment Staff

The first comprehensive guide to mastering the roles and responsibilities of a public pension fiduciary in the U.S. In an ever-changing financial and political landscape, your job as a public pension fiduciary continues to get more difficult. Now, you have the help you need. U.S. Public Pension Handbook is the only one-stop resource that covers the various areas of public pension policy design, governance, investment management, infrastructure, accounting, and law. This comprehensive guide presents critical data, information, and insights in topic-specific, easy-to-understand ways-providing the knowledge you need to elevate your expertise and overall contribution to your pension plan or system. U.S. Public Pension Handbook covers: *Today's domestic and global public pension marketplace*The ins and outs of the defined benefit model, the defined contribution model, and hybrid pension designs*Financial concepts central to the actuarial valuation of pension obligations*Public pension investment policies and philosophies*Asset allocations and how they have changed over time*State and local government pension contribution policies*The impact of governance structure and board composition on organizational results*Fiduciary responsibility and the general legal/regulatory framework governing trustees*How changes in trust law may affect public pension trustee fiduciary responsibility and liability*Best practices in pension governance and organizational design Public pension trustees are the unsung heroes of the world of finance, collectively managing over $6 trillion in retirement assets in this country alone. U.S. Public Pension Handbook provides the grounding you need to make sure you perform your all-important job with the utmost expertise and professionalism.