We obtained 1,227 Arkansas public records. We did not find a single independent credit analysis behind up to $100 million in public-pension exposure.

Arkansans for Pension Integrity is a volunteer, evidence-first transparency campaign. Your public pension — the retirement that Arkansas teachers, troopers, and public employees earned — is supposed to be managed with fiduciary care and on the public record. The documents tell a different story.

What the public record shows:

• Up to $100 million in pension-fund exposure to non-tradable foreign sovereign debt — with no independent credit analysis required by law
• Zero independent credit analyses found across 1,227 records obtained through the Arkansas Freedom of Information Act
• Three downgrades of the issuer’s sovereign credit rating — by S&P, Moody’s, and Fitch — since 2024

This isn’t about any single investment or any one government. It’s a simple fiduciary standard: require an independent credit analysis before public retirement money is committed to non-marketable foreign sovereign debt, and put that decision on the public record where it belongs.

Add your name, urge your pension trustees and legislators to act, and help us hold the line. Read the full investigation at arpensions.org.

They’re messing with your money. Let’s make them show their work.