You think? I would wager if one looked in all the states’ teacher pensions there’s been mishandling in 80-90 % of them. You have in many cases non professional with no degree in finances or money matters. Take RI for example you have a non experienced very young treasurer with absolutely no background in finances but yet he’s handling the states finances! There is no prerequisite for a finance trained person with a degree who knows about stocks, investments, bonds etc.;for being treasurer RI so it becomes a political cushy job
RI retired teachers are going to lose 65% of their promised pensions unless GA passes laws to reinstate frozen COLAS. Former Gov Raimondo devised the current scheme to fleece retirees of their pensions and strong armed GA members to push it through.
You think? I would wager if one looked in all the states’ teacher pensions there’s been mishandling in 80-90 % of them. You have in many cases non professional with no degree in finances or money matters. Take RI for example you have a non experienced very young treasurer with absolutely no background in finances but yet he’s handling the states finances! There is no prerequisite for a finance trained person with a degree who knows about stocks, investments, bonds etc.;for being treasurer RI so it becomes a political cushy job
RI retired teachers are going to lose 65% of their promised pensions unless GA passes laws to reinstate frozen COLAS. Former Gov Raimondo devised the current scheme to fleece retirees of their pensions and strong armed GA members to push it through.
Ohio is having issues too.