Appalling misinformation

To the Editor:

Re: Scott Reeder’s Feb. 8 column in the Northwest Herald.

The amount of misinformation that appeared in this column is appalling. Lawmakers don’t invest any pension money; the elected/appointed boards of each state retirement system are responsible for investment decisions. As a “veteran statehouse reporter,” you should have known better.

As a retired teacher, I’m more than happy with Teacher Retirement System investment returns. The board makes a far better return than I could ever hope to make on my own. The problem lies with the state’s chronic underfunding. Pension systems can’t make investment returns on money they don’t have and haven’t received, as promised back in 1939, from the state.

Marti Swanson



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