During Monday’s Board of Supervisors meeting, John McKay gave this response to a retiree: “We cannot pass a tax increase to support the pension plan. We can pass one to help the hospital in some ways, but we can’t raise taxes to support” a private plan. We’ve already unraveled McKay’s fiction that the Singing River […]
Unraveling the Fiction: Taxes Can Support Pension Plan Read More »
Invesco Real Estate Fund II, LP The SRHS Employees’ Retirement Plan & Trust invested in this limited partnership fund around the time of the fund’s formation in 2007-2008. CEO Kevin Holland sent a status report to the Board of Supervisors in late 2014. He noted that Singing River was encountering some delays in terminating the
Billy Guice has released a statement on findings from LaPorte’s examination of the Singing River Health System Employee Pension Trust. Highlights: There was “[…]no evidence of theft, embezzlement or pilfering from the Trust Assets.” “There remain questions as to the investment of Trust Assets, particularly in 2008 and 2009.” “[…]there is no evidence that any
Billy Guice Releases Statement: Senior Execs Withdrew Pension Funds Read More »
Billy Guice announced at today’s Board of Supervisors meeting that he will have a press release out on Tuesday that “may answer a couple of questions.” From the Sun Herald’s reporting, Guice seems to be saying it has nothing to do with the pension: “another matter entirely.” The article quotes a nebulous hospital spokesman who