offtop .. to Kudlows final seg and the tire fight .. “won’t see growth till we get manufactuing back” ..
I think all of America is to be the gated community for the elite .. stay in line .. green growth ie Country Clubs

ps – pollute over there .. will get ya in the end

see: http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Narvik+Norway+Terra+Investments+Citigroup

just to clarify, there, in that instance, it Wasn’t Goldman Sachs..
~
though, w/this: “As long as swindling done by Wall Street is legal it probably does not matter that much who is doing the administration of investments, they win, every time.” maybe part of the problem is that the ‘qualifying investments’ in those planz are all, seemingly, products of Wall Street??
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=403%28b%29+qualifying+investments
maybe, you know, for a change, those finds could stay in their communities, instead of serving as fresh fodder for the ‘Vampire Squid’ (?) might be novel..

not, exactly, responsive to the 403(b) Q:, though, in a similiar neck of the Woods, see:

“…Majewski, who said he has no other job lined up, acknowledged there have been rumors about him resigning or retiring for some time, but he declined to go into further detail about his decision.

Majewski and Lewis, who is set to officially step down Jan. 2, 2010, have come under fire in recent months as the district’s complex interest rate swaps soured in the economy, costing taxpayers millions. The district used the financial instruments to help fund the district’s building projects in recent years.

Majewski and Lewis contend before the economy tanked the deals actually saved taxpayers millions in debt costs. The skyrocketing costs of the deals are a major contributor to the district’s financial woes in the last two years.
The district finished the year with about a $7.1 million deficit and recently slashed $2.8 million in programming and jobs.
Majewski joined the district in November 1994 and has since overseen the district’s budgeting process, except for a brief departure to Northampton Community College. Majewski spent a month in 2004 as the college’s vice president of finance and operations before returning to the district. He said at the time that the district was “where his heart is.”
Longtime board member Charlene Koch declined to comment on the reasons for Majewski’s departure.
“As far as my personal opinion about Stan leaving, I will miss him,” Koch said. “I like him. We’ve worked together for almost 16 years.”
Majewski’s salary is about $130,200 annually, he said. His contract with the district is set to expire June 30, 2010.
Once Majewski submits a formal retirement letter and is approved by the Pennsylvania School Employees Retirement System, per his contract he is entitled to:

• Medical benefits until he is eligible for Medicare
• Reimbursement for unused sick leave at a rate specified in the Instructional Meet and Discuss agreement at the time of retirement
• Reimbursement for unused vacation at the per diem rate at the time of his retirement

The board also must continue the cost of a $350,000 split-dollar whole life insurance plan until it is paid in full.
Majewski’s employment contract requires him to give at least 150 days notice if he chooses not to renew it.
McKeon said he hopes Majewski plans to stay in his job long enough to wrap up this year’s budget process and get a new preliminary plan in place for his successor. The board has seen no retirement agreement, McKeon said, but will likely vote on one at a special board meeting Sept. 8…”
http://www.lehighvalleylive.com/bethlehem/index.ssf/2009/08/bethlehem_area_school_district_25.html

All verry Quiet, All verry ‘Down low’, All verry “Nothing to see here Folks, Move Along..”
All very pathetic..
~
as an aside, this: http://www.donpuff.com/ is, too, Classic~

With respect to Benefit Coordinators, most of us have no choice (even if we had the time to conduct a quality “second guessing” evaluation of them). The plans are determined by the employer so if you want another plan you have to change to another employer.

I personally spend a fair amount of time trying to keep a little of the meat on my bones. However, I also realize that I have little chance against most of it, because there is not way that I can find time to keep a close eye on everything.

see: Carole Hall
Benefit Coordinator
610-250-2400, ext. 35070
hallc@eastonsd.org
https://www.capbluecross.com/EASD
http://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=Easton+Area+School+District++Benefits+Manager+

I could, almost, hear what you were laying out, though, funny enough, many of these vaunted ‘School Districts’ that, as you put it, “…are so busy making stuff and building our society (you know somebody have to create the GDP that Wall Street is sucking on), that they simply have no other choice than to put their money where it is “supposed” to be safe, and trust the competence of those professionals who are managing it.” have, actually, hired, in a Full Time position, someone to do That for them..

Past that, We can keep pretending, predicated on disinfo, that we’ve no other choice than be a ‘snack’ for the Big Bad Wolf, or We can become, a little, at least, more Empirical and endeavor to, actually, keep some of our meat on our bones..

IOW, be Vigilant, and expect same from those in positions we put them in to do likewise..

And who will draft the legislation, or sign it into law?

You got my vote for that ;-)
Heck I’ll even march on Washington for that with you as soon as those tea-baggers get out of there.