It appears he was the former administrator of the Marianas Islands Retirement System and recently nominated to serve on the board of trustees of the fund.
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The decision by the Board of Trustees of the Florida Retirement System to gamble billions more of pension assets in so-called alternative investments is reckless and irresponsible.
The nearly half-century old programme, one of the Democrats' signature achievements, is suffering under two pressing burdens - the ever-growing cost of an inefficient healthcare system and the imminent retirement of the baby-boom generation, more and more of whom are becoming eligible for benefits.
Over the last several years the Employees Retirement System of Rhode Island has increased its allocations in alternative investments, including hedge funds and private-equity funds, to 25 percent.
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Apparently the Trustees of the Florida Retirement System think they are smarter than Warren Buffett.
The Employees Retirement System of Texas, which administers 401(k) and 457 plans for state employees, late last year decided not to renew its contract with its stable-value provider.
This reality is inescapable and is the reason why the real determinant of the feasibility of Social Security (or any other type of retirement system, private or public) is productivity.
This is a far superior solution to the question of the retirement age than the political system imposing one, uniform, unworkable retirement age on all.
The addendum to my report sent to the SEC indicated that my client, Mr. Christopher Tobe, a former trustee of the Kentucky Retirement System, had recently received substantial information from an international labor union, Unite Here, indicating that a real estate investment consultant retained by KRS to provide objective advice to the pension received compensation from real estate investment managers it recommended, including placement agent fees.
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They included its silence over the appointment of Trinity Investment Management to run a portfolio for the Retirement System, despite Trinity's having ranked in the bottom 25% of peers with a similar fund over the previous five years.
The Securities and Exchange Commission has sent a letter to the Kentucky Retirement System seeking information about millions of dollars in payments to placement agents used by the fund.
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Under such a system, the number of persons receiving retirement payments would be substantially less.
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Despite a number of significant shortcomings 401(k) plans are the backbone of the American retirement system, and we know that families that have 401(k) plans have a great deal higher net worth than those without access.
Mr Watts even makes the slightly macabre suggestion that blacks should favour private individual retirement accounts, rather than the current system of state-guaranteed Social Security.
Moreover, the chancellor's obsession with means-tested state pensions has undermined the incentive to save for retirement and the skewing of the tax-benefit system against marriage has been greatly exacerbated, despite overwhelming evidence that young people brought up within married couple families tend to be more successful and less likely to be involved in criminal activities than those who are not.
Indeed, some public pension plans, including the country's largest (the California Public Employee Retirement System) are considering a downward revision of expected returns, which would increase the estimated funding gap.
It makes no sense, but this is the outcome of a defined benefit retirement system run amok.
The retirement portion of the system has long suffered from the attacks of the right and their desire to eliminate Social Security on the basis that all that money could still be invested and earn more.
After all, it is said, the huge debt overhang from the country's rotten banking system and the actuarial deceit of its postal- and insurer-based retirement systems is just Japan owing itself.
After all, it is said, the huge debt overhang from the country's rotten banking system and the actuarial deceit of its postal- and insurer-based retirement systems is just a case of Japan owing itself.
Casey Institute's four- year-old Capital Markets Transparency Initiative is the same: State governors, legislators, treasurers, as well as pension fund managers and board members must avoid making in the future the kinds of mistakes that Pennsylvania's State Employees Retirement System (among others) has made in the past.
Mr Kerry, for his part, offered no meaningful reform of Social Security at all, despite the fact that the retirement of the baby-boom generation will soon swing the system into huge deficits.
The California State Teachers' Retirement System reported it has lost about 74% of its value in the fund as of September.
The government can fill the hole by shifting general fund dollars into the system, but this bit of legerdemain is not going to boost confidence in the retirement program.
Though Pickle's bill has been side-tracked, the idea of delaying retirement remains a plausible way to ease the burden on the system.
Some pensions, such as the Ohio State Teachers Retirement System, manage most of their assets internally and have their own trading desks.
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For instance, it raised the retirement age, changed the system of severance pay that had impeded job mobility, and made university students pay for part of their tuition.
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According to calculations by the Social Security administration's chief actuary, however, it is possible to transform Social Security fundamentally without resorting to tax increases or benefit cuts if we exercise reasonable restraint on federal spending growth and prudent borrowing to finance the transition to a new system of large personal-retirement accounts.
As tens of millions of baby boomers reach retirement, the system will undergo enormous stress.
There was no mention of fresh infusions of cash from outside the system, a higher retirement age or benefit cuts.
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