On the campaign trail, Gov. Rick Scott accused his Democratic rival of allowing the state’s pension fund to lose billions when she was in office.
One hard-hitting television ad said that Chief Financial Officer Alex Sink had allowed the state to invest in “risky investments” and a spokesman even called her oversight of the retirement fund for teachers, state workers and county employees a “disaster.”
“You have been a failed fiscal watchdog,’’ Scott told Sink during one of their televised debates.
But in the two-and-a-half months since Scott became governor he has made no sweeping changes in the agency that oversees the pension fund – or pushed to change any of the investment policies now in place. He’s left in place Ash Williams, the executive director of the State Board of Administration, the agency that runs the state pension plan.
The target of his attacks says Scott may have learned after the election that things were better than he suggested.
“Maybe he’s seen the light and recognized we definitely have one of the top five pension funds in the country,’’ Sink said.
Sink added that his decision so far to not make any changes is “probably the smartest thing he’s done for now.”
Read the story here at the Herald-Tribune.