DiNapoli defends DB schemes
New York State Comptroller, Thomas DiNapoli, has defended public defined benefit schemes, saying that they are not a drag on state government finances, are sustainable and form a vital part of the US economy.
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Politicians, fraud and investment professionals at New York State’s $124b fund
Most public sector pension funds are subject to some sort of political interference, notwithstanding the best efforts of fund trustees and staff. Few, however, can rival the experience of America’s third-largest fund, the New York State Common Retirement Fund.
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