New book serves as reference manual for pension trustees
Plan design. Expected contributions. Investment policy.
These are a few of the topics discussed in a new book, “One of a Kind! A
Practical Guide for 21st Century Public Pension Trustees.”
The book is published by Funston Advisory Services LLC. It
is organized by topic, starting off with “Public Pension Policy” and ending
with “Reporting and Reassurance.” Each chapter is written by a different
specialist and includes a section of self-assessment.
Rick Funston, the Funston Advisory’s managing partner, says
the firm put the book together to answer frequently asked questions by public
pension trustees and executives.
“Our approach is to describe the issue, why it’s important, the lessons learned by other systems, the options available and the respective pros and cons,” he says.
The book isn’t a prescription for a public pension system’s
ailments, however. Funston says it is up to each trustee and board to determine
what works best for them in their specific circumstances.
The book is available on Amazon.com.
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