To the editor,
In the past few weeks, our state’s pension plan has finally been in the news.
We are being told that it is in terrible shape and that there is a debt of over $22 billion, and it is growing by $1 billion every year.
This information is not new.
State Treasurer Curtis Loftis has been saying for years that our state’s pension plan was in trouble. Treasurer Loftis warned that we were paying extremely high fees and making risky investments.
No one listened.