New Documentary Argues Pensions’ Move Into Alternatives Comes at a Cost
By Michelle Celarier, Institutional Investor
Many states have underfunded pensions, which has led some states to cut pension benefits and others to raise taxes on the public. The documentary attributes this in part to the move into alternative investments, citing their high fees and returns that don’t meet benchmarks.
“Pension Fight Club” frames the move into alternatives, including private markets, as opaque, costly, and potentially damaging to retirement income.
In the documentary, whistleblowers and former board members in Kentucky, California, Pennsylvania, Ohio, Minnesota, and South Carolina describe the abuses they have seen, and in some cases describe retaliation concerns.
Free tickets are still available for the Ohio premiere of Pension Fight Club.
AMC Easton Town Center 30 in Columbus on September 11th at 6:30.
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