Toledo Blade Exposes National Effort to Undermine Investigations Into Public Pension Wrongdoing

Recently obtained documents reveal state pension officials across the nation and their industry allies all agree investigations in potential wrongdoing are dangerous.

State officials and industry allies are now calling it a “movement”—one which must be stopped—because forensic investigations pose “very serious risks” for pensions and Wall Street financiers.

The National Education Association, California’s largest public pension, New York City’s pension, the National Association of State Retirement Administrators, the National Council on Teacher Retirement, the National Conference of Public Employee Retirement Systems, the National Institute on Retirement Security, and a coterie of private public relations advisers were all part of national effort to undermine public pension forensic investigations.

Recently obtained pension documents reveal state officials and their industry allies are now calling it a “movement”—one which must be stopped—because forensic investigations pose “very serious risks” for pensions and Wall Street financiers.

(In the coming weeks, we will be publishing all the documents we obtained, with commentary and analysis.)

Read about our Ohio and Minnesota investigations in the Toledo Blade:

https://www.toledoblade.com/opinion/editorials/2024/07/18/editorial-strs-minnesota-meddling-teachers-retirement-association/stories/20240716002