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1 year ago

I gave this info of pension management fees up with my local Illinois state rep many years ago($323 mil in fees for TRS and return of 7/10 tenths of 1% on then $54 bill in assets) and he brought it to committee where the other side did not know how to answer of where the money is going. It went nowhere from there. In California fees were over $1billion and will be halved in a few years. Ultimately the taxpayers pay for these fees and have absolutely nothing to say about it.