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US. The Death Of Public Pension Transparency

Forensic investigations reveal that public pensions in states such as Pennsylvania, California, Tennessee, Rhode Island, North Carolina, and, most recently, Ohio, have long abandoned transparency, choosing instead to collaborate with Wall Street firms to eviscerate state public records laws and avoid accountability to stakeholders.

Read also US. Pension Worries Ease for States, Localities on Stimulus, Stocks

Predictably, billions that could have been used to pay government workers retirement benefits have been squandered.

Read also US. Despite Market Rebound, Rising Unemployment Hurt Public Pensions

Transparency in government has long been acknowledged in America as essential to a healthy democracy. On the federal level, the Freedom of Information Act opens up the workings of government to public scrutiny, giving citizens information they need to evaluate and criticize government decision-making.

Read also US. Required IRA, 401(k) withdrawals would start at age 75 under congressional proposal. Here’s who would benefit

All 50 states also have public records laws which allow members of the public to obtain documents and other public records from state and local government bodies. State public records laws are built upon the United States’ historical position that the records of government are “the people’s records.”

Read more @Forbes

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