Fiduciary Responsibility

Fiduciary Responsibility Paper

As Baby Boomers retire daily and the American population continues to age, one thing becomes clear: public pensions are poorly underfunded. States and cities are facing an impending funding crisis that will burden future generations and taxpayers for years to come. Beyond this, pension fund fiduciaries are increasingly pressured by outside stakeholders to manage the funds based on political whims. While well-intentioned and admirable, pension funds should only be managed to create the greatest returns for fund participants. Detailed in this report is a clear explanation of fiduciary responsibility, a closer look at unfunded pension liabilities, and the politicization of pension funds. The final conclusion is clear: get politics out of public pension management.

Download the report here