Hawaii Gov. Neil Abercrombie poses for photos with Hank Kim, executive director of the National Conference of Public Employee Retirement Systems, after giving a speech to open the conference in Honolulu on Monday, May 20, 2013. (AP Photo/Oskar Garcia)
HONOLULU (AP) — Organizers of an annual conference for people who manage more than $3 trillion in public sector pension funds in the U.S. and Canada say a significant number of administrators are skipping this year’s meeting in Hawaii to avoid the perception they’re wasting money by heading to the island paradise.
Roughly 650 people are coming to this year’s weeklong National Conference on Public Employee Retirement Systems, compared with about 1,000 attendees at last year’s meeting in New York, executive director Hank Kim said Monday.
Kim says trustees and others from around the country are thinking about “headline risk” — how the trip may be perceived back home.
“They know that economically it makes sense. They realize that this headline risk is silly, Login to read more