RSA

By Brandon Moseley Alabama Political Reporter Investing money can be difficult. Investors need to diligently research individual stocks, bonds, stock mutual funds, bond mutual funds, commodity funds, managed money accounts, exchange traded funds (ETFs), real estate investment trusts (REITs), hedge funds, etc. before making decisions about what to buy more of and what to sell … Continued

By Brandon Moseley Alabama Political Reporter Morning Star has released a report revealing that the total value of Retirement Systems of Alabama’s (RSA) assets have continued to plunge while the fund’s total pension liabilities have continued to increase over the last five years. Senator Cam Ward (R) from Alabaster said on Facebook, “This report shows … Continued

By Brandon Moseley Alabama Political Reporter Alabama Governor Robert Bentley(R) announced that he will hold a news conference in Huntsville Monday to provide details of a proposed Voluntary Retirement Incentive program for eligible state employees. Joining Governor Bentley will be joined by Speaker of the Alabama House Mike Hubbard (R) from Auburn, Alabama Senate President … Continued

By Brandon Moseley Alabama Political Reporter The Alabama Senate approved pension reform measures (SB 388) that supporters say will make the state retirement system viable and save taxpayers over $5 billion over the next 30 years. Gov. Bentley in a written statement said, “The measures approved by the Senate today protect the retirements of hard-working … Continued

By Brandon Moseley Alabama Political Reporter Governor Robert Bentley announced Tuesday that SiO2 Medical Products is investing $90 million to build a new facility in Auburn, creating almost 300 new Lee County jobs. In a written statement Governor Robert Bentley said, “An essential part of creating new jobs is encouraging our existing companies to further … Continued

By Brandon Moseley Alabama Political Reporter Mahindra has issued a press release denying reports that it will be building its pickup trucks in Alabama.  In the press release, Mahindra calls the reports that Navistar has an agreement with Mahindra to assemble the Indian trucks near Muscle Shoals,  “completely baseless & incorrect.” The fan blog, Mahindra … Continued

By Brandon Moseley Alabama Political Reporter Alabama House member Jim Patterson (R) from Meridianville is calling for an outside audit of Retirement Systems of Alabama investment performance. Rep. Patterson said, in an exclusive interview with the Alabama Political Reporter. “We are not getting good information.” Rep. Patterson said that during the last ten years Retirement … Continued