From the daily archives: Thursday, September 8, 2016

Lost in the fray of what is probably the craziest election year ever, is a recent report about the health of Ohio’s public pension systems — one that should probably cause any Ohioan paying into those systems a bit of concern.

As outlined in an article by John Damschroder, a former member of Gov. George Voinovich’s administration no less, Ohio’s public pension systems are currently “sinking in the quicksand of terrible investment returns and ultra high expenses.”

According to Damschroder, “Ohio relies on secretive alternative investments more than any state in America” and because of this, the state’s five public pensions ended […]

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