JEFFERSON CITY — Investment staff at the state retirement system would not get bonuses in years when the system’s investments lost money under a plan that tentatively advanced today.
The board of the Missouri State Employees Retirement System voted to develop…
UPDATE: Auditor Susan Montee issued the following statement regarding the ruling:
LAGERS and PACARS are operating under a veil of secrecy. My office is required by state statute to examine these entities every three years. We attempted to evaluate these systems, as…
David Steelman
JEFFERSON CITY — Gov. Jay Nixon has chosen former foe David Steelman, a Republican from Rolla, to help lead the charge for change at the state retirement system.
The governor said at a news conference today that he was appointing…
JEFFERSON CITY — Missouri Gov. Jay Nixon has called a news conference for 1 p.m. Tuesday to talk about his ideas for “reforms” at the state government retirement system.
Nixon was surprised when the Post-Dispatch reported that the Missouri State Employees Retirement System’s investment staff received…
JEFFERSON CITY — A Senate committee has signaled its strong disapproval of bonuses that a state pension fund recently gave to its investment staff.
The Senate Appropriations Committee voted today to cut $300,000 from the state’s contribution to the Missouri State…
Madoff
New Missouri state Treasurer Clint Zweifel just sent out a statement disclosing that he’s learned from the MOSERS Board, the state retirement agency, that it had placed money with the asset management firm, Silver Creek Capital Management, which “fed money to Bernie Madoff.
” This…
