The Retirement Systems of Alabama Resolution Passes
The Retirement Systems of Alabama board passes a resolution requiring a three-person investment committee to approve any investments made by RSA Chief, David Bronner. Bronner says that the decision could impact the ability he's had for nearly four decades to make quick investment decisions. The resolution takes effect on February 1st. Newly-appointed board member Curtis Stewart came up with the proposal. The RSA system was launched in 1945 to offer benefits to employees of state and quasi-public agencies.