Legislators will consider at a meeting of the Legislative Council on Tuesday whether to enter into a lease agreement with the Retirement Systems of Alabama for a new State House.
Members of the Legislative Council approved a resolution to begin negotiating a lease agreement for a new State House with the Retirement Systems of Alabama (RSA) in July.
CEO of the Retirement Systems of Alabama David Bronner recently leveraged the RSA’s newsletter to advocate against education savings accounts, which he claimed would jeopardize public schools and leave private schools unaccountable.
Retirement Systems of Alabama (RSA) CEO David Bronner is warning state legislatures against developing education savings accounts, saying it could cut the State Education Fund's revenue by $1 billion annually.
Although the two have had an adversarial relationship at times over the years, Retirement Systems of Alabama CEO David Bronner declared State Sen. Arthur Orr (R-Decatur) his "hero" for the 2023 legislative session.
A former professor at Troy University is accusing the college of targeting him for criticizing the Retirement System of Alabama (RSA).
State legislators have consistently insisted the state can't afford to permanently cut income taxes, much less eliminate them altogether. Lawmakers have also strayed away from reforming the state’s retirement system, even as it reported negative returns in 2022. One economist says they’re all wrong.
Despite large state budget surpluses, legislators should “think long and hard” about cutting taxes in 2023, according to Dr. David Bronner, Retirement Systems of Alabama’s CEO.
David Bronner, who has headed the Retirement Systems of Alabama (RSA), the state employee pension fund now valued at $50 billion since 1973, says turmoil in the financial markets can be primarily blamed on two phenomena: inflation caused by government overspending in response to COVID-19 and the ongoing Russia-Ukraine conflict.