OMAHA, Neb. (KMTV) — The largest school district in the state is currently facing a $771 million pension shortfall. But why?
A multi-series investigation by the Omaha-World Herald revealed that trustees and administrators overseeing the Omaha Public Schools pension find transformed one of the nation's best-performing funds into one of the worst.
OWH's staff writer, Henry Cordes began the investigation nearly a year ago. The Herald reviewed thousands of pages of financial reports, documents and emails, went through more than a decade of monthly meetings minutes, and conducted dozens of interviews.
Anchor Maya Saenz sat down with Cordes to discuss his findings in the video attached.
To find a full list of the multi-series investigation, you can go to the OWH website and search for the series titled, How to Wreck a Pension Fund.