Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
Iowa
Related: About this forumKIM REYNOLDS TOOK $50,000 FROM TOP PUBLIC PENSION ENEMY
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 states 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 Iowas 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 states 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.
InfoView thread info, including edit history
TrashPut this thread in your Trash Can (My DU » Trash Can)
BookmarkAdd this thread to your Bookmarks (My DU » Bookmarks)
3 replies, 1151 views
ShareGet links to this post and/or share on social media
AlertAlert this post for a rule violation
PowersThere are no powers you can use on this post
EditCannot edit other people's posts
ReplyReply to this post
EditCannot edit other people's posts
Rec (11)
ReplyReply to this post
3 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
![](du4img/smicon-reply-new.gif)
KIM REYNOLDS TOOK $50,000 FROM TOP PUBLIC PENSION ENEMY (Original Post)
rurallib
Oct 2018
OP
I know retired IPERS recipients (republicans) who actually support Reynolds and the GOP cabal
progressoid
Oct 2018
#2
calimary
(81,467 posts)1. K&R
progressoid
(49,999 posts)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
(62,448 posts)3. They will read the headline that IPERS is gone one dy
and wonder what happened - why didn't anybody warn them???