State Pensions: lack of transparency

The St. Pete Times has done a special report on the Florida State Board of Administration and how it manages the state pension funds.

Gov. Rick Scott, Attorney General Pam Bondi and Chief Financial Officer Jeff Atwater are the trustees of Florida’s State Board of Administration. The agency manages more than $150 billion of public money, more than twice the annual state budget. The State Board of Administration invests on behalf of 1 million current and future retirees in the public pension fund, as well as for hundreds of local governments and dozens of other public organizations.