"State Retirement System Governing Authority Arrangements"

This article comes from The National Association of State Retirement Administrators

Key Takeaways:

 • Although most state retirement systems are overseen by a single board whose scope includes both administration and assets, in some states, these areas of oversight are divided.

• Three states assign oversight of pension fund assets to a single statewide elected official, known as a sole trustee.

• Four states assign oversight of retirement system administration to an individual or a department, rather than a board.

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