The key to the successful operation (of a pension fund over the long haul is to have a clear overall strategy, a philosophy if you will, outlining the path to follow in pursuing the goal of providing for the best possible retirement of your members.

Strategies, may range across the investment spectrum from the conservative to the venturesome. Much depends on the financial health of a given fund and the confidence a pension board has in its ability to read markets and to select fund managers.

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