PA Sen Costa trying to get Pa state pension funds to drop holdings in gun companies
The PSERS pension fund has "passive" investments in Ruger, Olin, others. The just-defeated demoncrat Sen Costa wants all PA state pension funds to drop such stocks from their holdings.
Keith Stolfer went on camera to effectively call it the BS it is - a smokescreen to dictate demoncrat rules.
Re: PA Sen Costa trying to get Pa state pension funds to drop holdings in gun compani
Ex-senator Costa should know that the job of any pension fund administrator is to obtain the best return possible, from all legal sources, period. Start playing political correctness and you shortchange the fund.
Re: PA Sen Costa trying to get Pa state pension funds to drop holdings in gun compani
Some one in his area should respond to his effort with this
" May the fleas of a thousand camels infest your arm pits."
Re: PA Sen Costa trying to get Pa state pension funds to drop holdings in gun compani
Quote:
Originally Posted by
rwilson452
Some one in his area should respond to his effort with this
" May the fleas of a thousand camels infest your arm pits."
I know you didn't create it, but i'mma stealin' that. :D
(my other go-to insult is "I have neither the time, nor the crayons, to explain it to you.")
Re: PA Sen Costa trying to get Pa state pension funds to drop holdings in gun compani
Senator Costa should be trying to get PA out pensions period. State worker pensions will bankrupt this state one day.
Re: PA Sen Costa trying to get Pa state pension funds to drop holdings in gun compani
Fiduciary duty
A fiduciary duty is the highest standard of care. The person who has a fiduciary duty is called the fiduciary, and the person to whom he owes the duty, is typically referred to as the principal or the beneficiary. It is their duty to maximize the return of investment.
Re: PA Sen Costa trying to get Pa state pension funds to drop holdings in gun compani
I have to wonder how much money those funds made from gun sales during the Obamanation?
Re: PA Sen Costa trying to get Pa state pension funds to drop holdings in gun compani
Maybe they're offended by taking my taxes?
Re: PA Sen Costa trying to get Pa state pension funds to drop holdings in gun compani
Quote:
Originally Posted by
7998
Senator Costa should be trying to get PA out pensions period. State worker pensions will bankrupt this state one day.
Since the pension deficit is estimated to be as high as $75 billion, that shouldn't take too long.
Re: PA Sen Costa trying to get Pa state pension funds to drop holdings in gun compani
Quote:
Originally Posted by
Statkowski
Ex-senator Costa should know that the job of any pension fund administrator is to obtain the best return possible, from all legal sources, period. Start playing political correctness and you shortchange the fund.
Yes, abandon profitable investments and force taxpayers to pick up even more of the slack on Pennsylvania's underfunded public pensions. That is the perfect Democrat solution.
