The enormity of the challenges confronting pension funds — including substantial deficits, a tumultuous global economy, and a low-return environment — means that they need to be able to focus on maximizing investment returns without distraction. For those in the public sector, this includes being shielded from governmental politics.
Public Pension Funds Perform Better When They Keep Politics at Bay
Interference by officials tends to be costly.
July 19, 2016