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Should governments contribute parks to fund their pension plans?

Alicia H. Munnell
Should governments contribute parks to fund their pension plans?

A bad idea for pension funding started with a very interesting book — “The Public Wealth of Nations” — written in 2015 by a Swedish investment adviser and a Swedish economist. Current proposals take a sensible notion — manage public assets efficiently — in a whole new direction: namely, transfer government assets to the pension fund to pay off large unfunded liabilities. • Pension fund managers have a fiduciary obligation to grow the assets and therefore would be better managers than the government itself.