criticism comes not long

Loftis’ criticism comes not long after the legislative Joint Committee on Pension Systems Review recommended in January that he be stripped of his seat on the Retirement Systems Investment Commission. From that seat, Loftis has been a persistent critic, originally focusing on the pension funds’ poor investment performance and high fees paid to investment managers. Now he’s turned his sights toward the Legislature and PEBA, and the way the pension funds’ health is calculated..

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