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Cover for U.S. Public Pension Handbook

U.S. Public Pension Handbook

A Comprehensive Guide for Trustees and Investment Staff

Von Hughes


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The first comprehensive guide to mastering the roles and responsibilities of a public pension fiduciary in the U.S.
In an ever-changing financial and political landscape, your job as a public pension fiduciary continues to get more difficult. Now, you have the help you need.
U.S. Public Pension Handbook is the only one-stop resource that covers the various areas of public pension policy design, governance, investment management, infrastructure, accounting, and law. This comprehensive guide presents critical data, information, and insights in topic-specific, easy-to-understand ways--providing the knowledge you need to elevate your expertise and overall contribution to your pension plan or system. U.S. Public Pension Handbook covers:
-Today's domestic and global public pension marketplace-The ins and outs of the defined benefit model, the defined contribution model, and hybrid pension designs-Financial concepts central to the actuarial valuation of pension obligations-Public pension investment policies and philosophies-Asset allocations and how they have changed over time-State and local government pension contribution policies-The impact of governance structure and board composition on organizational results-Fiduciary responsibility and the general legal/regulatory framework governing trustees-How changes in trust law may affect public pension trustee fiduciary responsibility and liability-Best practices in pension governance and organizational design
Public pension trustees are the unsung heroes of the world of finance, collectively managing over $6 trillion in retirement assets in this country alone. U.S. Public Pension Handbook provides the grounding you need to make sure you perform your all-important job with the utmost expertise and professionalism.

McGraw-Hill Companies, 9781260134766, 496pp.

Publication Date: August 21, 2019

About the Author

Von M. Hughes is Partner and Managing Director, Global Head of Strategic Advisory & Client Acquisition partner at a $30+ billion asset management firm, responsible for its global strategic advisory franchise. In his role, Hughes works with some of the largest public and private pensions in the U.S., as well as some of the largest institutional investors globally. He is also a frequent speaker on topics of public pension plan governance and public pension investment programs, and has written articles for the Harvard Law Review, The Hedge Fund Law Report, and many other publications.