From an expert in the field comes the first comprehensive guide to understanding the roles and responsibilities of U.S. pension trustees
Pension trustees are tasked with managing and protecting the finances of millions of public employees. It's an enormous and often daunting responsibility. U.S.Public Pension Handbook: A Comprehensive Guide for Trustees and InvestmentStaff is the first practical guide to educate trustees about the role and responsibilities of their positions. Leading pension expert Von M. Hughes provides a comprehensive examination of structure and common features of public pensions, the current pension landscape, and public pension plan governance.
The book equips trustees with the knowledge they need to successfully manage and administrate assets for the benefit of employees. There's important information about the history of US. pensions, topics under current public pension debate, prudent investor rule and trustee delegation, and guidance on how to avoid lawsuits. The book also includes invaluable metrics to help trustees assess the adequacy of the size of internal staffs and resources. U.S.Public Pension Handbook: A Comprehensive Guide for Trustees and InvestmentStaff is an essential resource for new and existing trustees looking to better understand their responsibilities, and an invaluable tool for all pension professionals interested to know more about governance and management of one of the largest pools of assets in the U.S.