Council members are responsible for investing and safeguarding assets used to fund retirement benefits of millions of American workers. The Council of Institutional Investors supports defined benefit plans as a critical component of the nation’s retirement system and advocates the retention of defined benefit plans as the central element of retirement programs offered to workers.
In 2005, Council members approved a statement in support of defined benefit plans. Please click here to read the statement. In 2006, the Council joined a coalition of national retirement organizations and contributed funds toward an effort to educate a wide range of national audiences about defined benefit plans. That initiative grew into the National Institute on Retirement Security (NIRS), a nonprofit organization established to foster greater understanding of the value of retirement security to employees, employers and the economy through national research and education programs.
Public pension funds, which are giant pools of capital, are tempting targets for those seeking political power or lucrative investment contracts. Paying to influence those who direct the investments of public employee retirement or other benefit funds is commonly referred to as “pay-to-play.” To read more about what pension funds are doing to bar such corrupt practices, please click on the pay-to-play link on navigation bar to the left.
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