A better example of pensions being used as a political football would be hard to find.
The complaint gives several examples of pension funds that, in the past, have paid fees to Alliance that are a fraction of what the company charges individual investors.
We can see equally sad, even tragic examples of pensions disappearing or being cut back through private sector management and business failures in companies like United Air Lines and Enron.
Rhode Island's effort is "the clearest example of fundamental pension reform that we have right now," Ms. Monahan said.
It was Amy B. Monahan, a University of Minnesota law professor — not Gina Raimondo, the state treasurer — who called the effort "the clearest example of fundamental pension reform we have right now.
The Church of England's recent misstep over an investment in a payday lending company is only the latest example of a pension fund acting out of alignment with its parent.
She also urged investors and shareholders to find their social consciences and apply pressure to tech giants to take more societal responsibility in how they operate — raising the example of a pension and activist investment fund doing just that earlier this month, applying pressure on Facebook and Twitter over issues such as sexual harassment, fake news, hate speech and other forms of abuse.
Despite this shortfall, 21 states failed to make their full contribution to their pension funds over the past five years, according to Eileen Norcross of George Mason University in Washington, DC.Trouble in TrentonNew Jersey provides a prime example of America's pension difficulties.
It cites the example of Philadelphia, whose pension fund lost more than $650 million in value in the first nine months of 2008 because of plunging stock markets, and which faces $300 million in increased pension costs from the fiscal years 2010 to 2013.
So, for example, an extra £1 of pension a week (£52 a year) for life will cost a 65-year-old around £890, while an extra £5 a week (£260 a year) will cost around £4,450.
