Not Your Average Financial Podcast™

Episode 223: How They’re Stealing Your Pension, Even If You Don’t Have One with Chris Tobe


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In this episode, we ask:

  • Who is Chris Tobe?
  • What’s his story?
  • Have you read Kentucky Fried Pensions?
  • What about contracts?
  • What about excessive fees?
  • What about the tax payers?
  • What about the Chicago Police pensions?
  • Would you like to read the Twisted Priorities article?
  • What’s happened in Pennsylvania?
  • What about making a partial payment on a pension?
  • What about the pensioners?
  • What do we know?
  • What about cost of living increases?
  • What happened in the Detroit bankruptcy?
  • What about underfunded pensions?
  • What happens in bankruptcy?
  • How many pennies on the dollar are the pensioners likely to receive?
  • What other programs are underfunded?
  • What about social security?
  • What about money printing?
  • What’s the value of the money going to be?
  • Can states declare bankruptcy?
  • Can cities declare bankruptcy?
  • What about defined contribution plans, like 401(k)s?
  • What about target date funds?
  • What about private equity hedge funds?
  • What about the fees?
  • What about the scale of fees?
  • What about an example?
  • What came out of the mutual fund association?
  • What about a variable annuity?
  • What about expenses?
  • What about taxes?
  • What about full transparency?
  • What about public pensions?
  • What are the takeaways?
  • How destructive are 1% fees?
  • Is your pension transparent?
  • Are pensions going away?
  • What about the promise and delivery of a guaranteed lifetime income?
  • Chris Tobe, CFA, CAIA works as a pension investment consultant, expert witness, and author. His most recent book is “Kentucky Fried Pensions” and recently filmed with PBS Frontline on a Kentucky pension piece airing in October 2018. He is now working as a Chief Investment Officer with a Public Pension consulting firm out of New Orleans the Hackett-Group, where he has provided project consulting to a number of public pensions in MD, NC and TX.

    From 2008-2012 he served as a Trustee and on the Investment and Audit Committees for the $14 billion Kentucky Retirement Systems.

    From 2008-2009 he was a Sr. Consultant with New England Pension Consultants and worked with a number of public pension plans in Oklahoma, Missouri, Michigan and the District of Columbia. And was Former VP in 401k investments with AEGON 2001-2008.

    He has written 4 books, dozens of articles and has been quoted in the Wall St. Journal, New York Times, Forbes, & Bloomberg. As a public pension trustee, he completed the Program for Advanced Trustee Studies at Harvard Law School and Fiduciary College held at the Stanford University.

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