Media Advisory: Tomorrow CFO Sink To Present Pension Oversight Feforms to Investment Advisory Council

Dec 2, 2009

CFO Alex Sink issued this media advisory on December 2, 2009

MEDIA ADVISORY: December 2, 2009

CONTACT: Kyra Jennings or Kevin Cate, (850) 413-2842

TALLAHASSEE – Florida CFO Alex Sink will present her three proposals to improve the oversight of the state’s pension fund and protect Floridians’ retirement security at a meeting of the Investment Advisory Council (IAC) tomorrow morning.

DATE: Thursday, December 3, 2009

TIME: 9:00 a.m. to 12:00 noon

(10:00 a.m. – CFO Sink Presentation on Agenda)

LOCATION: The Hermitage Centre

1801 Hermitage Boulevard

Tallahassee, Florida

CFO Sink will be discussing her most recent oversight reforms, including her proposal to expand the Board of Trustees, originally presented in September. Her motions were delayed until this month by the other two members of the SBA Board of Trustees, Governor Crist and Attorney General McCollum. For more than a year, CFO Sink has recommended reforms to strengthen and enhance the transparency,accountability, and oversight of the state’s $110 billion public pension fund.

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As a statewide elected officer of the Florida Cabinet, CFO Alex Sink oversees the Department of Financial Services. A successful businesswoman with nearly three decades of experience in the private sector, Sink is serving her first term as Florida’s CFO. As CFO, Sink’s priorities include using her business experience to cut wasteful government spending, cracking down on financial and insurance fraud and reforming the state government’s contracting practices.