South Dakota Lieutenant Governor Matt Michels has been named to the board of directors of the South Dakota State Retirement System. Michels, a former legislator, said he has followed the fortunes of the retirement system for a number of years…
The bankruptcy of Detroit and other state budget issues have been tied to future unfunded pension and retirement benefits. Michels says the South Dakota system has a number of financial safeguards in place to avoid that…
Michels says changes were made to the system a few years ago to avoid that type of financial crisis…