Letter: Why can’t Arizona get a good return on investment? - East Valley Tribune: Letters To The Editor

Letter: Why can’t Arizona get a good return on investment?

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Posted: Thursday, June 6, 2013 2:12 pm | Updated: 11:21 pm, Tue Jun 11, 2013.

With all the recent hoopla about public employees pensions in Arizona being in trouble financially, and talk of major cuts to many, why aren’t those who were responsible for investing the money being held accountable?

I receive a pension from the New York State Teachers’ Retirement System. Even with the downward economy of the last 6 years, their 25-year return of 8.5% per year exceeded their projection of 8 percent. The real question that nobody seems to ask is, if they were able to do that in New York (and possibly in other states), why not in Arizona?

Fred Barlam

Ahwatukee

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