Ms. Rushefsky:
I am confident that the investment returns on the Springfield Police and Fire Retirement Fund have been outstanding over the last couple of years. The stock and bond markets have done very well largely because of the Quantitative Easing programs by the Federal Reserve that have pumped billions of dollars of liquidity into the investment markets. However, there is anticipation that the Federal Reserve will soon reduce or discontinue QE and when that happens the stock and bond markets will respond in a negative manner. I am sure that you are aware of all the above and that the investment adviser(s) for the Retirement Fund are monitoring this situation, but the ultimate fiduciary responsibility and investment decisions belongs to the Retirement Fund board members and the Springfield City Council. Because the Retirement Fund is closed to new participation and many of the active, contributing employees are approaching the end of their careers, a very conservative investment approach becomes more and more appropriate to assure that the assets of the Fund are protected against negative investment results and the benefit obligations to the retired employees can be met. I would appreciate your assistance in expressing these thoughts to the Retirement Fund board members. EmailSignatureFBE -- -- This is a Free Speech forum. The owner of this list assumes no responsibility for the intellectual or emotional maturity of its members. If you do not like what is being said here, filter it to trash, ignore it or leave. If you leave, learn how to do this for yourself. If you do not, you will be here forever. --- You received this message because you are subscribed to the Google Groups "missourilibertycoalition" group. To unsubscribe from this group and stop receiving emails from it, send an email to missourilibertycoalition+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
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