Does public pension board composition impact returns?

Aubry, Jean-Pierre, and Caroline V. Crawford. “Does public pension board composition impact returns?”. State and Local Plans Issue in Brief 67, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, November 2019. http://hdl.handle.net/2345/bc-ir:108853.
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Abstract

The brief's key findings are: (1) Oversight of state and local pension funds is vitally important to government officials, plan participants, and taxpayers. (2) The effectiveness of pension boards depends on their structure, composition, size, and member tenure. (3) Based on best practices for each factor, this analysis constructs a "Board Effectiveness Index" for 145 pension funds. (4) The results show that a higher Index score could be associated with a higher 10-year investment return on fund assets.

Title
Does public pension board composition impact returns?
Author
Aubry, Jean-Pierre
Crawford, Caroline V.
Center
Center for Retirement Research
Genre
report
Date Issued
November 2019
Publisher
Center for Retirement Research at Boston College
Series Title
State and Local Plans Issue in Brief
Series Number
67
Persistent Link
http://hdl.handle.net/2345/bc-ir:108853
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
State and Local Pensions

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