Ryan Works at a Community College and the College Requires

Ryan works at a community college and the college requires all employees to contribute to a pension fund. At this time, he is not too worried about the safety of this contribution because

A) the pensions fund's investments are always backed by the full faith and credit of the U.S. government.
B) pension funds are provided by nonbanks so they are not going to take this money and lend it to others.
C) he is considered a state employee, and as such, he is protected from this fund going bankrupt.
D) pension funds usually make conservative investments.