Being on the Side of Caution Is No Error

As a member of the State Teachers’ Retirement System, I would like to thank Tom Flanigan not only for saving the system in the ‘80s, but mostly for being a prudent investor (columnist Tom Petruno’s “Pension Funds’ Returns Diverge, Sparking Debate,” Market Beat, Feb. 12).

Maybe greed is good for some folks, but it’s hardly the right approach for a retirement fund. Why does this remind me of the story about companies who want to charge the people who pay their bank cards monthly?

Mr. Flanigan may just come out smelling like a rose if he isn’t fired by the bureaucrats.

MARY MEYER

Pasadena