GFOA Joins Associations on SEC Pension Obligation Disclosure Letter

Wednesday, June 18, 2014

The GFOA joined with 10 other national associations representing state and local governments and retirement systems on a letter to Securities and Exchange Commissioner Daniel Gallagher to express “serious concern” over remarks he made to regulators criticizing state and local government’s pension disclosures and commitment to transparency. The letter also alerts the commissioner to the efforts made by the state and local community to ensure the continued financial integrity and sustainability of governmental retirement programs.