Tag Archives: Pension Reform

Pension Funds Wasting Millions on Useless Advice

Usually when you hire an analyst to help invest your money you want to look for a sharp investor with a good record of success. Pension funds, however, don’t seem quite so discerning. A new report from NYT‘s Dealbook found that of the 94 percent of pension funds that hire outside investors to aid in making investment decisions, few look at (or even have access to) data on their consultants’ past performance. A new study from the University of Oxford suggests that they are paying a high price for their negligence...

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Pension Reform or Bankruptcy: Saving the Windy City

Chicago residents are on the hook for over $86 billion dollars.  That’s $83,000 dollars per household.  To put these already egregious numbers into perspective, the average Chicago family only makes $66,000 dollars annually, before taxes.  Chicago’s financial squeeze is preventing the city from providing basic services, and taxpayers are leaving in droves.  Since the 2000 census, over 200,000 people and counting have fled Chicago...

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