Public Pensions and the Uniform Management of Public Employee Retirement Systems Act

Posted: 16 Oct 2001

See all articles by Steven L. Willborn

Steven L. Willborn

University of Nebraska at Lincoln - College of Law

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Abstract

The Uniform Management of Public Employee Retirement Systems Act is a recent product of the National Conference of Commissioners on Uniform State Laws. Approved by the Commissioners in 1997, the Act provides uniform rules in two important areas: the standards of fiduciary conduct and the disclosure obligations of public pension funds. In the former area, the Act provides a clear statement of the standards of fiduciary conduct and, in so doing, permits and encourages public pension systems to engage in modern investment practices. On disclosure, the Act provides broad obligations intended to provide rich and detailed information to those with an interest in monitoring public pension systems. In this article, Professor Willborn introduces the Act to the academic and general legal communities by providing a careful analysis of the provisions of the Act. These provisions are often complex because public pension systems themselves are complex organizations that call for sophisticated regulation.

Suggested Citation

Willborn, Steven L., Public Pensions and the Uniform Management of Public Employee Retirement Systems Act. Rutgers Law Review, Vol. 51, p. 141, 1998. Available at SSRN: https://ssrn.com/abstract=141028

Steven L. Willborn (Contact Author)

University of Nebraska at Lincoln - College of Law ( email )

103 McCollum Hall
P.O. Box 830902
Lincoln, NE 68583-0902
United States
402-472-1256 (Phone)

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