An open government group is suing the California Public Employees’ Retirement System, saying it has failed to disclose records that should be public about benefit recipients. The Nevada Policy Research Institute, which operates the website Transparent California, filed suit Friday in California Superior Court, accusing the pension system of violating state law by withholding information about […]
Rhode Island Treasurer Seth Magaziner, a former financial executive elected in 2014, has announced a landmark proposal to increase transparency at the state’s pension fund. Unlike dozens of states around the country, Rhode Island will now disclose the full range of fees and expenses it pays to investment managers and will fully disclose those managers’ performance.
“It really comes down to a basic principle,” said Magaziner, who announced the proposal Tuesday. “When you're managing public funds, the public has the right to know.”
The ongoing feud over the transparency of state pension fund investments between state Treasurer Janet Cowell and the State Employees Association of North Carolina has spawned dueling bills in the state legislature.