GFOA’s 105th Annual Conference Helps Members Navigate the New NormalThe GFOA’s 105th Annual Conference, held May 22-May 25, 2011, in San Antonio, Texas, presented the latest information to help GFOA members navigate the new normal in government finance.
Highlights included the Monday, May 23, keynote address by Joseph P. Quinlan, managing director and chief market strategist, U.S. Trust, Bank of America Private Wealth Management. Quinlan oversees the development and implementation of macro investment strategies, with a particular focus on U.S. sector strategies, the emerging markets, and developed markets. He summarized reasons why the U.S. economy is poised for recovery, due to many factors including growing consumer appetite and global emerging markets, for which indicators are strong.
The latest urban legend is that most public pension plans are poorly funded and their demise will bankrupt hundreds of governments. At the Tuesday, May 24, general session, GFOA Executive Director and CEO Jeffrey L. Esser moderated a panel discussion on “State and Local Government Pension Plans: Myths versus Realities.” The panel – Honorable Anthony Williams, executive director of the Corporate Executive Board and former mayor of Washington, D.C.; Keith Brainard, research director at the National Association of State Retirement Administrators; and Pat Robertson, executive director of the Public Employees’ Retirement System of Mississippi – discussed the facts about the funded status of public pension funds, and reform efforts in the states.
Keith Brainard, research director at the National Association of State Retirement Administrators, presented information about the real status of public pension funds.
The GFOA would like to thank this year’s attendees and exhibitors.
Learn more about the 105th Annual Conference and the upcoming 106th Annual Conference in Chicago, Illinois, June 10-13, 2012.