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Stanford Prof: How Politicians Hurt Public Pension Plans

by fastcompany.com posted 2months ago 25 views
They make poor investment decisions because they’re overly influenced by campaign contributions and political considerations, a study finds. At first glance, it might seem like a smart idea to have politicians serve on the boards of public employee pension funds. After all, according to a recent Pew Charitable Trusts analysis, these organizations hold $3.8 trillion in assets and are responsible for the retirement security of 19 million current and former government workers.Read Full Story.

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