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Posted on: March 14, 2017, 10:59 a.m.
Arizona Gov. Doug Ducey has allowed so many vacancies on the board overseeing the nearly $35 billion retirement pension fund covering the majority of state, city and county workers that it has been unable to do any substantive work since November. The Arizona State Retirement System board has only four of nine seats filled. Because it lacks a quorum for meetings, it cannot formally sign off on major investment changes if managers believe they are warranted or other legally-required ... Full investment news articleRelevent to this post: Arizona State Retirement System,