JustWondering

Comments by JustWondering

SD pension mess hits Journal's front page

Here's another analysis of what the County is up to with its Pension Fund. http://www.goodriskgovernancepays.com/risk-mana... The questions raised at the end of the piece are thoughtful. With all the attention focusing on the County's risky plan what are the odds they'll now reconsider their decision and change to a less risky investment strategy?
— August 22, 2014 10:39 p.m.

SD pension mess hits Journal's front page

Getting back to the management aspects of our local pension funds, the County may want to consider this: https://sdcers.org/News/Latest-News/By-Category... With SDCERS, the City's pension system earning this national recognition for pension systems, the County should reconsider its costly investment strategies.
— August 21, 2014 12:51 p.m.

SD pension mess hits Journal's front page

In addition to the risk taken on by the County pension system, the fees paid are ENORMOUS. $10 million dollars ain't chicken feed. Combine that with the fund's short term ranking and everyone should be wondering about the Board's judgement. But to be fair, the County Pension system did respond to the UT's OP/Ed. Their response is here: http://bit.ly/1pnLks0 Overall the County did meet or exceed their stated goals. By comparison the City's pension fund reported a 16.6% return for the fiscal year that ended on June 30, 2014. ( SDCERS has a long term goal of 7.25% annual return) https://www.sdcers.org/News/Latest-News/By-Cate... While both funds still have unfunded liabilities SDCERS, the City's retirement system, doesn't spend anywhere near the $10 million for investment advice or the risky strategies taken on by the County's Fund.
— August 14, 2014 12:39 p.m.

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