Paying for Performance in Public Pension Plans

The authors are grateful to Vikas Agarwal, Geert Bekaert, Grace Guo, and Andrew Johnston as well as seminar participants at the University of Alabama, the University of Central Florida, the University of Dayton, Middle Tennessee State University, and the 2021 Financial Management Association Annual Meeting for helpful comments and suggestions. They also thank Eren Cifci and Nicole Kozhukhov for excellent research assistance.