Bloomington AND Normal lost YOUR money!

by:  Diane Benjamin As reported in the Chicago Tribune:  http://www.chicagotribune.com/chi-government-entities-lost-tens-of-millions-imet-investment-20150410-htmlstory.html The Illinois Metropolitan Investment Fund — which invests public money on behalf of municipalities, pension funds and local government boards — revealed in October that it had lost more than $50 million after investing in loans now at the center of a federal criminal investigation. […]

Politicians gamble on risky investment with TRS funds

Have you ever wondered what investments politicians have made using teachers’ retirement savings? If you haven’t, you should be interested. That’s because the politicians want the state government, and by extension, your tax dollars, to financially guarantee the state pension funds in case they run out of money for government worker retirements. So just what […]