"Public pensions, which are funded by taxpayers and state workers, are supposed to be the most transparent of all pensions. State Freedom of Information Acts are supposed to ensure public scrutiny of these trillions of public monies. "
Really people, the political system has been leaking a little money from the pension funds to reward political insiders with “placement fees” and money managers have probably been required to pay to play since pension funds came into being. I wouldn’t be surprised if the money managers’ fees weren’t sweetened at the pension funds’ expense to allow them to show their gratitude for the business with proper political contributions. Also legislating special pension or other deals in exchange for union leaders’ silence as their members’ pensions are jeopardized by these and other nefarious practices seems to have been sometimes expedient.… Read more »
Fed up neighbor
4 years ago
There also needs to be forensic investigations into certain suburban school districts, hey valley view 365u
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
Really people, the political system has been leaking a little money from the pension funds to reward political insiders with “placement fees” and money managers have probably been required to pay to play since pension funds came into being. I wouldn’t be surprised if the money managers’ fees weren’t sweetened at the pension funds’ expense to allow them to show their gratitude for the business with proper political contributions. Also legislating special pension or other deals in exchange for union leaders’ silence as their members’ pensions are jeopardized by these and other nefarious practices seems to have been sometimes expedient.… Read more »
There also needs to be forensic investigations into certain suburban school districts, hey valley view 365u