But is it invested? Or does it go straight to the public fund? Are those invested?
Curious.
Invested into the fund, which were then invested with fund managers that were held accountable by the retirement board (hiring/firing) based on their performance. That 6-9 percent represented our “skin in the game” (albeit negligible in the grand scheme of things) and gave us more control than non-contributory systems that are solely run by elected officials where the employees have no say.