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These 10 members were trustees for the Omaha School Employees’ Retirement System during key years when investments were shifted from the stock market to so-called alternative investments.

  • 9 min to read

There are plenty of other states and school districts trying to stabilize pension systems so that budgets can be balanced and employees can be guaranteed the benefits they were promised. Solutions have included increased contributions from current workers, cuts to current benefits through reduced cost-of-living adjustments and increased contributions from taxpayers.

  • 16 min to read

There is much blame to go around for the debacle that transformed one of the nation’s best performing pension funds into one of the worst, including the trustees and chief administrator of the Omaha School Employees' Retirement System, their paid investment adviser, district leadership and the unions whose members count on the pension system for their retirement security.