Wednesday, March 06, 2013

Bloomberg comment on pension bonuses

From Mario Iacone, March 6, 2013

The following information has been excerpted from a Bloomberg article,
 link of the Bloomberg Article 
The excerpt is:
...The pension with the next-highest bonuses, State Teachers Retirement System of Ohio, paid $8.1 million to 88 workers last year, data show. That included $3.1 million in bonuses earned in 2009 but deferred until the pension reached $65 billion in assets last year, the fund said.
The California Public Employees’ Retirement System, the largest public pension in the U.S., paid $4.1 million to 50 workers in 2011, the fund said.
By comparison, the three highest-performing funds over the past 10 years, the Pennsylvania School Employees Retirement System, Ohio Police & Fire Pension Fund and Pennsylvania State Employees’ Retirement System, didn’t have an employee paid more than $270,000, and none pays bonuses, the funds said....
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