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Kentucky Fried Pensions
Edward Siedle in Forbes; subscription may be required
[Opinion] Aug. 8, 2013 "This new book by Chris Tobe, a former trustee of the $14 billion Kentucky Retirement Systems and the first public pension whistleblower to file a complaint with the SEC's Office of the Whistleblower, focuses upon corruption at public pensions.... Tobe establishes a link between corruption related to pension investments and corruption related to underfunding in Kentucky and Illinois. The central thesis is that pension cultures that are willing [to] look the other way regarding unsavory investment dealings will go along with bogus pension funding schemes as well." MORE >> |
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