retirement system governance

Retirement system governance refers to how decisions are made and managed to ensure that pension plans and retirement funds are secure, fair, and efficiently run. It involves overseeing the policies, investments, and operations by a governing body or board, which aims to protect members’ benefits while maintaining financial sustainability. Good governance ensures transparency, accountability, and prudent risk management, aligning the interests of workers, retirees, and sponsors. Ultimately, it’s about creating a reliable framework that manages retirement assets responsibly for current and future retirees.