Industry News

Recently, the National Association of State Retirement Administrators (NASRA) released its compiled listing of “Public Retirement System Rebalancing Policies.” The compilation includes selected retirement systems and is based on information published in retirement system investment policy statements.

Typically, the rebalancing process is described in the investment policy statement. According to NASRA, “When investment performance produces changes in asset values that causes them to deviate from specified targets, retirement systems (or their investment management agencies) transfer funds across asset classes to maintain commitment to their target asset allocation.”

For the 47 selected retirement systems, the listing includes the rebalancing policies as well as the asset allocation and target ranges.

The compiled list is available here.