RSA CEO Dr. David Bronner discusses future of pensions
MONTGOMERY, AL (WSFA) - Leaders from all 67 Alabama counties were in Montgomery Wednesday for the Association of County Commissions of Alabama's annual legislative conference.
The first speaker was Dr. David Bronner, CEO of the Retirement Systems of Alabama.
According to Dr. Bronner, there is a bit of uncertainty when it comes to the future of the state pension system because of the uncertainty surrounding Donald Trump's presidency.
Alabama's pension system has investments in more than 20 countries around the world.
Bronner said things would be "different" under Trump, a man Bronner said he has known for more than 25 years.
What Trump does could impact the pension systems' investments, creating uncertainty.
However, when it comes to the state level, Bronner asked the county commissioners at the conference to make sure politicians like the governor do not gain control.
"Because the governor are 3 and 4 years, one year. Current crisis, logical. The pension guy is trying to make sure somebody has some money there for the 20 year old when he is 60" Bronner said.
Bronner said he received more than a 10 percent return on his investments this year.
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