Nebraska Auditor Criticizes Public Pension Board Over Payroll and Oversight
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
State Auditor Mike Foley criticized the Nebraska Public Employees Retirement Board for allegedly abdicating its fiduciary responsibility. Foley reported that the board was paying former Executive Director Thomas Pfeifle roughly $23,000 in salary and benefits for approximately five weeks of unperformed work. Pfeifle submitted his resignation on September 21, and his last day was approved as October 31.
From theindependent.com
Why it matters
The criticism relates to the management of state public employee retirement funds in Nebraska. This situation occurs while Nebraska officials are investigating state procurement practices and contract awards, including no-bid contracts.
Jim Pillen and Nebraska officials are investigating state procurement practices and contract awards, including no-bid contracts.
From theindependent.com
Who's involved
- Mike FoleyState Auditor who is investigating and criticizing state procurement practices and fiduciary responsibilities in Nebraska.
- NebraskaThe state where the public employee retirement board operates and where the alleged mismanagement occurred.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NebraskaSpeculative
State taxpayers might face increased costs due to alleged mismanagement of public employee retirement funds.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.Keep exploring
The entities involved
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Nebraska
state of the United States of America
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Mike Foley
American politician
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