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Pension fund investment

The Finance & Management Working Group, which Ken organized in 2005 (read their report) to address the City's growing financial crisis, recommended switching the City's pension fund investment from local management to the state Pension Reserves Investment Trust (PRIT), which had been consistently outperforming the local fund.

Despite the estimated $2 million in annual increased investment income that would result from the move, the Cohen Administration resisted implementation until the Blue Ribbon Commission also endorsed switching to PRIT in its January, 2007 report.