- His disclosures, both from his final year in Congress and his time as Minnesota governor, also show no mutual funds, bonds, private equities, or other securities.
- No book deals or speaking fees or crypto or racehorse interests.
- Not even real estate. The couple sold their Mankato, Minnesota, home after moving into the governor’s mansion, for below the $315k asking price).
Pensions are still indexed to the stock market in a way, it’s just someone else who’s controlling it for you. And I guess there is meant to be an extra protection of “the government says this is your money, even if they bungle their investment.” How that works in the real world, I’m unsure. I imagine lots of days in court.
There are issues that come with pensions, all of which could be easily solved if the will was there. But it’s not, so they’re real issues unfortunately. See: Chris Christie fucking over NJ State Workers (https://www.nytimes.com/2015/06/10/nyregion/christie-wont-be-forced-to-make-pension-payments.html
Many (most? Not sure) government employees at the state or local level don’t receive pensions anymore