Should Ohio counties and the state treasurer be forced to invest public funds in precious metals?
They will be if Sen. Kris Jordan’s latest bill is passed.Read More →
The state is turning to increasingly risky investments in an effort to make up its shortfall.Read More →
By Scott Reeder
SPRINGFIELD – Wouldn’t it be great if every time we made a bad investment decision a fairy godmother waved her magic wand and made those bad decisions disappear?
You, Illinois taxpayer, are someone’s fairy godmother.
Even though teacher union representatives control the board that runs the Teachers’ Retirement System, the unions aren’t responsible for [...]
By Melissa Daniels | PA Independent
HARRISBURG — One of Pennsylvania’s pension funds hedged against the likelihood of a natural disaster on the East Coast, such as Hurricane Sandy.
But it’s too soon to tell how those publicly funded investments will fare.
Earlier this year, PSERS invested $250 million in a portfolio with Nephila Capital. That portfolio covers [...]
By Jayette Bolinski | Illinois Watchdog
SPRINGFIELD – Illinois’ teacher pension system could go broke if the state does not figure out a way to fully fund the system soon, the leader of the retirement system and others have warned again.
Illinois’ Teachers’ Retirement System is seeking $3.4 billion from the state for its portion of the [...]