As public pension plans take risks, SEC wants more transparency from private equity funds

In Politics by Michael Rae

State and local government public pension funds have unfunded pension liabilities in the hundreds of billions of dollars. In an effort to reduce pension debt and fund retirement benefits already promised to workers, public pension plans are increasingly turning to alternative investments. So, with the retirement security of public workers increasingly dependent on these types of alternative investments, the Security Exchange Commission is now proposing increased reporting requirements from private equity funds. Although private equity firms are understandably resisting the change and make some good arguments against the regulation, this requirement could potentially help taxpayers who are on the hook