Very interesting.. and has a few ins and outs that are revealing..
Executive Q&A: Michael Williamson is investing in Wisconsin 
Quote: Also, we have more control now over the way we invest. Fifty-five percent of our assets are managed in house by SWIB staff, up from 26 percent in 2009 and 21 percent in 2007. We can do it for one-third of the cost of contracted investment managers, and we are expecting to save $39 million in 2013 by doing that.
Quote: In 2001, 50 percent of public pension plans were more than 100 percent funded. They made so much money in the stock market in the 1990s that some states increased benefits. And then 2001 hit.
Quote: Incentive compensation helps us get and keep good people. It's a combination of creating a good culture in the organization and paying people a fair wage.
At least in the "financial sector"..........
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