The decision by the Board of Trustees of the Florida Retirement System to gamble billions more of pension assets in so-called alternative investments is reckless and irresponsible.

FORBES: Florida State Pension To Transfer Wealth to Hedge Fund and Private Equity Billionaires (9-23-10)

It appears he was the former administrator of the Marianas Islands Retirement System and recently nominated to serve on the board of trustees of the fund.

FORBES: Failure to Heed Early Warnings Led to First Bankruptcy of U.S. Public Pension

According to a report from the Social Security and Medicare Board of Trustees, the Social Security system is expected to be solvent until about 2037 -- largely because of the surplus in the Trust Fund -- even though the payroll taxes flowing in stop being enough to cover the expenses flowing out in 2017.

CNN: Are baby boomers to blame for debt crisis?