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A Pension plans purpose is to protect and serve it’s pensioners. They have a fiduciary duty to the pensioner. This can not be done if the pension plans are investing in the commodities market.
If the result of the pension plans investment in commodities, result in a horrendous increase in a commodity. Then the pensioner pays an unjustified price for a commodity.
How can that be in the best interest to it’s pensioners?
In fact any monetary gain to the fiances of the plan, is the result of suffering by the pensioner.
A 50 dollar a month increase in a pension. Twenty years from now. Can in no way cover a 2 dollar/gallon increase in the cost of gasoline today.
So my first step in the renewal of the commodities market. Is to stipulate that pension plans can not invest in the commodities market.
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