20mar3:00 pm4:00 pmFeaturedFederal Webinar: Infrastructure and In-Kind Contributions3:00 pm - 4:00 pm EDT GotoWebinar
Members-Only Federal Webinar Infrastructure and In-Kind Contributions March 20 at 3:00 PM/ET Register Now! While the idea of in-kind contributions to pension plans is not a new
Members-Only Federal Webinar
Infrastructure and In-Kind Contributions
March 20 at 3:00 PM/ET
While the idea of in-kind contributions to pension plans is not a new concept in the private sector, it has never really taken hold in the governmental plan space. But there is increasing interest in the topic from cash-strapped government sponsors, often linked with the need to address the nation’s infrastructure challenges, a topic that is often thought to be one of the few subjects that could generate bipartisan support in the new Congress.
A state or municipality’s contribution of real property to its pension plan can, however, raise a host of issues. Trustees must weigh the economics of the transaction, liquidity constraints and other investment risks, including the potential liability arising from ownership of the transferred assets, as well as the costs attributable to management of the real estate and whether applicable law even allows for such transfers. And then there are the political considerations that can be presented.
To help explore the legal as well as the practical ramifications involved with infrastructure investments and in-kind asset transfers, NCTR is holding a members-only webinar on Wednesday, March 20, 2019, at 3:00 PM ET. Join Leigh Snell, NCTR’s Director of Federal Relations, as he discusses this important topic with three distinguished panelists:
- Emily Brock, the Director of the Government Finance Officers Association (GFOA) Federal Liaison Center and the leader of the Public Finance Network in Washington, DC;
- Marc Lieberman, an attorney with the law firm of Kutak Rock, and an expert on the fiduciary issues that such asset transfers can raise; and
- Glen Grell, Executive Director of the Pennsylvania Public School Employees’ Retirement System.
This is a subject that you will want to know more about, as Governors and state treasurers increasingly demonstrate interest in identifying and analyzing state assets for their possible use to help “stabilize” state finances. So be sure to register now as space is limited!