These pension reforms are needed to deal with the crisis

The need for pension reform has been clear for years, but few public pension funds have followed through. As the industry deals with fallout from the coronavirus, The Institute for Pension Fund Integrity (IPFI) has some suggestions about pension reform.Bailouts could lead to pension reformIn a recent report, the IPFI suggested something many lawmakers find unacceptable: bailouts for public pension funds. Numerous public funds are in a precarious position following this latest downturn, so the institute believes more and more states will seek bailouts from the federal government.Illinois lawmak…

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HEDGE accordingly