A Closer Look at How 'Interest Follows Principal' in Pension Funds

A Closer Look at How 'Interest Follows Principal' in Pension Funds
"For the employees who invest in their own deferred compensation accounts, they can invest in retail stock and bond mutual funds, closer to what a pension fund can purchase, but typically at higher fees and with no access to private equity markets, institutional investments and such. So, there is indeed a certain amount of pension investment income that can rightfully be claimed by the pension funds as unique to their enterprise." (Governing)