GP 100 panel backs multiple trustees plan

clock • 1 min read

No disagreement here. Every plan sponsor surveyed in the Global Pensions 100 Panel supports the decision by New York state attorney general Andrew Cuomo to create a 13-person board of trustees for the state's pension scheme.

In October, Cuomo proposed eliminating the single trustees system currently used to oversee the US$116bn New York State Common Retirement Fund. As it is now, the pension fund is overseen by the sit...

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