Or will the secretive pension's claim that it must seek approval from its Wall Street investment managers prior to any court-mandated disclosure be accepted?
Maybe it’s time a little national news on this is appropriate! This hiding the true use of our funds and how they keep stealing from us and hiding what they are doing should be over! 100 people to manage 400 funds… WHAT? Then give them bonuses and telling us we can’t have a cola because the funds didn’t do well enough! This madness. Has to stop! Along with the governor changing the makeup of the board so they can keep their lack of transparency and keep stealing our money!
This is obviously a further attempt to avoid transparency. STRS will likely point to clauses in the management contracts that prohibit “proprietary” information from being disclosed. In KY, the largest teacher union, JCTA, willingly bowed to this tactic, stating that revealing investment “secrets” would result in the state pension being blocked from investing with the investment firm. One wonders if money passed to union leadership for it to take this teacher, and member-hostile position.
Maybe it’s time a little national news on this is appropriate! This hiding the true use of our funds and how they keep stealing from us and hiding what they are doing should be over! 100 people to manage 400 funds… WHAT? Then give them bonuses and telling us we can’t have a cola because the funds didn’t do well enough! This madness. Has to stop! Along with the governor changing the makeup of the board so they can keep their lack of transparency and keep stealing our money!
I could have told you so.
This is obviously a further attempt to avoid transparency. STRS will likely point to clauses in the management contracts that prohibit “proprietary” information from being disclosed. In KY, the largest teacher union, JCTA, willingly bowed to this tactic, stating that revealing investment “secrets” would result in the state pension being blocked from investing with the investment firm. One wonders if money passed to union leadership for it to take this teacher, and member-hostile position.