Pension funds are in no way a coverup

News from the web:

I am writing in response to the opinion piece in the Tuesday, Jan. 24, Albert Lea Tribune by Al Arends of the Freeborn County Republican Party. Unfortunately, the article was riddled with errors.

Arends asserted that the Minnesota public employees’ retirement plans are perpetrating some sort of coverup. The systems’ financial reporting actually is highly transparent. Each fund — the Teachers Retirement Association, the Public Employees Retirement Association and the Minnesota State Retirement System — issues an annual comprehensive annual financial report that goes into great detail on income and expenses, investment selection and performance, and benefit structure. The systems’ websites contain exhaustive financial data that anyone can view.

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