KIM REYNOLDS TOOK $50,000 FROM TOP PUBLIC PENSION ENEMY

[rurallib]

https://iowastartingline.com/2018/10/25/kim-reynolds-took-50000-from-top-public-pension-enemy/

Iowa Governor Kim Reynolds received $50,000 in a campaign contribution from Rex Sinquefield, a wealthy Missouri Republican who has waged an all-out war against that state’s public pension system. The Reynolds donation was the only contribution to an Iowa candidate Sinquefield has ever made, and only six individuals in total have given more than $50,000 to Reynolds.

That large donation could take on extra scrutiny as Reynolds tries to fight back against growing concerns that she would drastically restructure Iowa’s IPERS system. In recent days, she and other state Republicans have insisted they will not make any changes for the current Iowans who paid in to IPERS and are receiving benefits.

However, Reynolds has notably refused to rule out restructuring the system for future public employees, even as recently as yesterday. She called IPERS “not sustainable” in 2017 and backed bringing in a conservative think tank that supports hybrid pension systems to study IPERS.

Sinquefield, a former director of Dimension Fund Advisors who made a fortune on index funds, bankrolled many top Missouri Republicans’ campaigns in recent years. One of his top policy priorities was privatizing the state’s public pension plan. His former private investing industry stands to gain if public pensions get shifted to the private marketplace.

more at the link

So far as I know Repugs are pretending they aren't going after IPERS, but we know they are.

[calimary]

1. K&R

[progressoid]

2. I know retired IPERS recipients (republicans) who actually support Reynolds and the GOP cabal

hellbent on destroying IPERS.

They seem oblivious to what's happening.

[rurallib]

3. They will read the headline that IPERS is gone one dy

and wonder what happened - why didn't anybody warn them???