In light of the controversy that has risen over the state’s pension plan, Florida CFO Alex Sink has announced her plans to introduce reforms at the next Cabinet meeting.
CFO Alex Sink has sent a letter to State Board of Administration Executive Director Ash Williams today asking that he discuss the status of 10 recommendations she proposed in 2008 to improve accountability and oversight of the SBA’s investments at the next Cabinet meeting.
The letter comes just a few days after the St. Petersburg Times reported on deceptive and misleading practices by the SBA, which invests money for the state’s retirees. Sink did not comment for the story.
Sink also cited in the letter her intention to propose reforms to the SBA Board structure and SBA reporting requirements at the upcoming Cabinet meeting.