Home Economics Public Pensions: The $3 Billion Secret

Public Pensions: The $3 Billion Secret

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Public pensions overseers may be managing public money — the retirement savings for teachers, firefighters and other municipal employees — but they are increasingly averse to making public exactly who is managing the cash and how much money they are paying out in fees to Wall Street. Here’s the latest example: Last week Illinois officials blocked…

The $3 Billion Secret

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