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retirement systems of alabama

Legislature

Alabama lawmakers sign contract with RSA to move ahead on new State House

The contract will allow RSA to design and construct the new building, which would then be sold or leased to the Alabama Legislature.
September 27, 2023

A little of this, a little of that

This week, a little gumbo for your bowl. There’s a lot going on out there, even as Alabama reached a grim milestone. This week, the state’s confirmed COVID-19 cases crossed 100,000, with deaths rising to 1,821. Sadly, since I wrote that sentence Thursday, it’s likely we now have more than 101,000 cases and even more … Continued
August 14, 2020

Ivey announces SiO2’s $163 million expansion in Auburn

Alabama Gov. Kay Ivey announced Wednesday that SiO2 Materials Science plans to invest $163 million in an expansion at its Auburn facility. The announcement came just after securing a major contract to supply the federal government with vials to support the COVID-19 vaccine effort if and when an effective vaccine is developed. The project will … Continued
July 1, 2020

A good solution to the two-tier retirement system

Unintended consequences are a common problem when it comes to making laws and government policy. A good example of this is the changes lawmakers made in 2012 to the retirement systems for education and state employees. The economic recession that began in 2008 had severely hurt the Retirement Systems of Alabama’s investments. The slowness of … Continued
April 11, 2019

Hubbard Made $17,500/Month to Represent Companies with Business Before the State

By Bill Britt Alabama Political Reporter Series: Emails on Hubbard’s Road to Perdition, Article 4 The emails below were released by the State of Alabama in February 2015, in response to Hubbard’s demand for a more defined statement of facts concerning his indictments. Other articles on emails: Article One Article Two Article Three MONTGOMERY—Court documents … Continued
March 15, 2016

Pension Reform Considerations

  By Bill Britt Alabama Political Reporter MONTGOMERY—All around the country, research provided by Pew’s Public Sector Retirement Systems Project is fueling the debate over pension reform. The organization recently gave a presentation at the Joint Committee of Alabama Public Pension Fund, but other research doesn’t agree with Pew’s findings, and many question the organizations … Continued
September 1, 2015

Why is Troy Professor Blasting RSA?

By Bill Britt Alabama Political Reporter MONTGOMERY—Under the headline “RSA is a poor steward of our retirement resources,” Daniel J. Smith, an associate professor of economics at the Johnson Center at Troy University, recently took aim at the Retirement Systems of Alabama (RSA). Smith, a recent addition to the State, is making a name for … Continued
August 5, 2015

Hubbard Investigation May Reach Inside RSA and Commerce

By Bill BrittAlabama Political Reporter MONTGOMERY—After months of investigation, the Alabama Political Reporter now believes that a donation of $33,333.00 made to former Gov. Bob Riley’s Alabama 2014 PAC can be linked to a $78 million dollar loan made by the Retirement Systems of Alabama (RSA) to fund Si02 Medical Products. The loan’s genesis began … Continued
September 9, 2014

Democrats Strike Back to Regain Bronner’s “Total Unilateral Control”

By Lee Hedgepeth Alabama Political Reporter A fight has been brewing in the state over the fate of day-to-day decision making regarding the investments of the Retirement Systems of Alabama, which manages the Employee Retirement Systems, making it one of America’s twenty largest public pension investment funds in the United States. Governor Robert Bentley, who … Continued
December 16, 2013