Check out http://www.ballotpedia.org and search pension management fees.This is old data from 2012 but puts it in perspective. Compare Illinois assets /fees and returns to similar assests/ fees from Minnesota or Georgia. This is why I still say that “Defunding” is a major part of why pensions are under funded. How many hands are siphoning money out like fees and unlimited spiking prior to 2010 changes. It’s like having a bucket with many holes near the top so it will never be full unless fixed. In other words Reforms.
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.
Check out http://www.ballotpedia.org and search pension management fees.This is old data from 2012 but puts it in perspective. Compare Illinois assets /fees and returns to similar assests/ fees from Minnesota or Georgia. This is why I still say that “Defunding” is a major part of why pensions are under funded. How many hands are siphoning money out like fees and unlimited spiking prior to 2010 changes. It’s like having a bucket with many holes near the top so it will never be full unless fixed. In other words Reforms.