For most states, the new government accountability rules eliminate the main substantive barrier to moving toward less costly defined-contribution plans.
We’re trying to use financial risk-management tools to solve political problems. That’s putting the people who manage public money in a tenuous position.
Public sector organizations are under intense scrutiny to operate as efficiently and effectively as possible and with maximum transparency. An important consideration is the way in which payments are made and managed. Prepaid cards can offer flexibility, security and accountability to governments as a method of dispersing benefits, healthcare and social care payments, child benefits and housing benefits to their constituents.
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