States are now suing pension systems for information

Pension systems all over the nation are in crisis and they have garnered quite a bit of media attention over the past few months.

Today, Andrew Harris of Bloomberg.com reported that that the state of Colorado is suing the state's pension system to obtain information about the top 20% beneficiaries of the system. The lawsuit does not seek to obtain identities but does seek amounts paid and the ages of the retirees.

This is a huge step toward transparency and accountability for the pension system in Colorado and perhaps leaders in Kentucky should take note...it could/should happen here soon!