Commentary: Mercatus Pension Study Demonstrates Advantages Of Defined Contribution System
‘A defined contribution system is one no longer supported by taxpayers, but, rather by the responsible investment choices of individuals.’
‘A defined contribution system is one no longer supported by taxpayers, but, rather by the responsible investment choices of individuals.’
Louisiana public pension funds sought to withdraw $143 million from Fletcher Asset Management earlier this week, but were presented with IOUs in lieu of cash, leaving taxpayers to foot the bill.
“Not only do public-sector unions hamper the effectiveness of government and the efficiency of business, they impede the ability of elected leaders to enact sound reforms.”