Do public pension funds prefer to invest in different types of funds than their private counterparts?
The above graph details the percentage of public and private pensions that are currently invested in — or have a preference toward — various types of funds.
The graph is based on a survey conducted by Preqin. Read the full results here.
Chart credit: Chief Investment Officer and Preqin.
New Hampshire House Speaker Shawn Jasper is forming a 14-person panel to study the state’s retirement system and potential reforms.
The committee was announced Wednesday. More from the Associated Press:
House Speaker Shawn Jasper is making pension reform a priority of the new legislative session by creating a 14-member committee to study the system that provides retirement benefits for public employees.
New Hampshire’s public pension system faces a $4.5 billion unfunded liability and Republicans want to reform the system. Jasper announced the committee Wednesday and appointed Rep. David Hess, a Hooksett Republican, as chairman.
The committee is made up of nine Republicans and five Democrats. The committee is tasked with studying how the program is funded, eligibility and ways to modify the system.
The state Supreme Court recently upheld changes made several years ago that increase the contribution rates for state employees.
The public pension system covers about 50,000 active and 30,000 retired workers.
The New Hampshire Retirement System was 66 percent funded at the end of fiscal year 2013-14. The system manages $7.41 billion in assets.
Photo credit: “Flag map of New Hampshire” by LGBT_flag_map_of_New_Hampshire.svg. This file was derived from:LGBT_flag_map_of_New_Hampshire.svgFlag_of_New_Hampshire.svg. Licensed under CC BY-SA 3.0 via Wikimedia Commons