Pension De-Risking
Source: Paul M. Secunda, Brendan S. Maher, Marquette Law School Legal Studies Paper No. 15-07, March 12, 2015 From the abstract: The United States is facing a retirement crisis, in significant part...
View ArticleDoes Mortality Differ Between Public and Private Sector Workers?
Source: Alicia H. Munnell, Jean-Pierre Aubry and Geoffrey T. Sanzenbacher, Center for Retirement Research at Boston College (CRR), SLP#44, June 2015 The brief’s key findings are: – In projecting...
View ArticleDouble Trouble: Wall Street Secrecy Conceals Preventable Pension Losses in...
Source: Benchmark Financial Services, Inc., June 5, 2015 Key Finding: Redesign of the pension system that was supposed to save taxpayers $4 billion over 25 years, has already—in the first four years—...
View ArticleThe Drivers of Public Sector Pension Reform Across the U.S. States
Source: Michael Thom, The American Review of Public Administration, Published online before print June 3, 2015 (subscription required) From the abstract: This study analyzes the diffusion of public...
View ArticleSaving Public Defined Benefit Plans
Source: Ronald D. Peyton, Karen Harris, Callan, Research, Talking Points, September 2014 The funded status of public employee defined benefit (DB) retirement plans continues to garner great debate in...
View Article4 Reasons New Jersey’s Pension Ruling Isn’t a Win for the State or Its Employees
Source: Liz Farmer, Governing, June 11, 2015 New Jersey’s top court this week overturned a lower court’s ruling that Gov. Chris Christie had violated a 2011 pension law. The decision means the state...
View ArticleGoing to War Over Retirement Security
Source: Frances Denmark, Institutional Investor, June 17, 2015 A battle is brewing in the U.S. between state legislators, like Mark Mullet, and financial services providers over the tens of millions of...
View ArticleRetirement Security: Most Households Approaching Retirement Have Low Savings
Source: U.S. Government Accountability Office (GAO), GAO-15-419, Published: May 12, 2015 From the summary: Many retirees and workers approaching retirement have limited financial resources. About half...
View ArticleThe Funding of State and Local Pensions: 2014-2018
Source: Alicia H. Munnell, Jean-Pierre Aubry, Center for State and Local Government Excellence, Issue Brief, June 2015 from the summary: This 2015 report of state and local government pension funding...
View ArticleRetirement Security Summit: The Evolving Social Contract
Source: Center for State and Local Government Excellence, June 15, 2015 On June 9, 2015, SLGE convened a Retirement Security Summit in order to explore pension and health benefit changes, retirement...
View ArticleWhy Chicago Won’t Go Bankrupt—And Detroit Didn’t Have To
Source: Saqib Bhatti, In These Times, June 22, 2015 Detroit’s bankruptcy wasn’t inevitable. Neither is Chicago’s. But the austerity hawks don’t want you to know that. … ….Because conventional wisdom...
View ArticleWhat’s Wrong With Our Retirement System And What We Can Do About It
Source: Richard Shea, Pension Research Council, June 25, 2015 What’s wrong? As the Baby Boom moves into retirement, confidence in our retirement system is waning, for good reason. Plan sponsors,...
View ArticleHow private equity cheats pensions at workers’ expense – Spoiler: It’s all...
Source: David Cay Johnston, Al Jazeera America, July 9, 2015 It’s time for American workers to understand the game of private equity, because it’s being played at their expense, thanks to rules put in...
View ArticleWhen Wall Street Offers Free Money, Watch Out
Source: Cezary Podkul – ProPublica, and Allan Sloan – Washington Post, July 10, 2015 Bankers and new accounting rules are emboldening governments to borrow-and-bet their way out of pension problems, a...
View ArticleThe State Pensions Funding Gap: Challenges Persist
Source: Pew Charitable Trusts, Issue Brief, July 2015 From the overview: The nation’s state-run retirement systems had a $968 billion shortfall in 2013 between pension benefits governments have...
View ArticleCompensation Benchmarking Practices in Large U.S. Local Governments: Results...
Source: Michael Thom and Thom Reilly, Public Personnel Management, OnlineFirst, first published on May 18, 2015 (subscription required) From the abstract: Growing competition over human capital has...
View ArticleGASB Issues Final Guidance on Fair Value
Source: Stephen J. Gauthier, Government Finance Review, Vol. 31 no. 3, June 2015 In February 2015, the Governmental Accounting Standards Board (GASB) released GASB Statement No. 72, Fair Value...
View ArticleStrategies for Well-Funded Pension Plans
Source: Elizabeth Kellar, Government Finance Review, Vol. 31 no. 3, June 2015 The funded status of public pensions remains a hot topic, yet the pension plans that are well funded get little attention....
View ArticleDiscounting Pension Liabilities: Funding Versus Value
Source: Jeffrey R. Brown, George Pennacchi, National Bureau of Economic Research (NBER), NBER Working Paper No. w21276, June 2015 (subscription required) From the abstract: We argue that the...
View ArticleAnnual Survey of Public Pensions: State and Locally Administered Defined...
Source: Phillip Vidal, U.S. Department of Commerce, U.S. Census Bureau, Economy-Wide Statistics Division Briefs: Public Sector, G14-ASPP-SL, July 2015 From the tip sheet: The Annual Survey of Public...
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