Maryland Pension Fund’s Wall Street Fees Top Half-Billion Dollars in Fiscal...
Source: Jeff Hooke, Marco Orsimarsi, Maryland Public Policy Institute, Maryland Policy Report, No 2016-02, May 24, 2016 From the summary: The Maryland Pension Fund spent over a half billion dollars on...
View ArticleWhen a Promise is Not a Promise: Chicago-Style Pensions
Source: Amy Monahan, University of Minnesota – Twin Cities – School of Law, Minnesota Legal Studies Research Paper No. 16-17, May 9, 2016 From the abstract: Cities and states around the country have...
View ArticlePuerto Rico and Pensions: the Basics
Source: Tyler Bond, National Public Pension Coalition (NPPC), June 7, 2016 Puerto Rico and its debt crisis remain in the news as Congress considers legislation to help the island territory restructure...
View ArticlePublic Pension Funding Practices: How These Practices Can Lead to Significant...
Source: Donald J. Boyd, Yimeng Yin, Nelson A. Rockefeller Institute of Government, Pension Simulation Project Policy Brief, June 2016 Public pension funds provide benefits to nearly 10 million people,...
View Article2015 Annual Survey of Public Pensions
Source: U.S. Census Bureau, Census Bureau News, CB16-TPS.112, June 14, 2016 The Annual Survey of Public Pensions provides a comprehensive look at the financial activity of the nation’s state and...
View ArticleSignificant Reforms to State Retirement Systems
Source: Keith Brainard, National Association of State Retirement Administrators (NASRA), Spotlight On, June 2016 From the introduction: Although states have a history of making adjustments to their...
View ArticleLow returns, fee scrutiny drive rise of pension fund insourcing
Source: Christine Williamson, Pensions & Investments, June 13, 2016 An unexpected alignment of factors has made now a very good time for pension funds to insource some or more of their investment...
View Article2016 Employee Benefits: Looking Back at 20 Years of Employee Benefits...
Source: Society for Human Resource Management (SHRM), 2016 From the overview: This is the 20th anniversary edition of SHRM’s annual Employee Benefits research report, which looks at benefits prevalence...
View ArticleThe Funding of State and Local Pensions: 2015-2020
Source: Alicia H. Munnell, Jean-Pierre Aubry, Center for State and Local Government Excellence, Issue Brief, June 2016 From the summary: This 2016 report of state and local government pension funding...
View ArticleDoes Pension Plan Structure Affect Turnover Patterns?
Source: Gregory B. Lewis and Rayna L. Stoycheva, Journal of Public Administration Research and Theory, Advance Access, First published online: May 28, 2016 (subscription required) From the abstract:...
View ArticlePublic Pensions’ Not-So-Rosy Outlook
Source: Charles Chieppo, Governing, June 23, 2016 The good news is that funding has stabilized. But a number of factors suggest that there’s trouble ahead.
View ArticleThe Political Economy of Underfunded Municipal Pension Plans
Source: Jeffrey Brinkman, Daniele Coen-Pirani, Holger Sieg, NBER Working Paper No. w22321, June 2016 (subscription required) From the abstract: This paper analyzes the determinants of underfunding of...
View ArticleYou’re getting a pension: What are your payment options?
Source: William J. Wiatrowski, U.S. Bureau of Labor Statistics, Beyond the Numbers, Pay & Benefits, Vol. 5 no. 9, June 2016 From the introduction: For those workers who participate in a traditional...
View ArticleTwin Threats: How Disappearing Public Pensions Hurt Black Workers
Source: Robert Hiltonsmith, Dēmos, 2016 From the introduction: ….As important as public employment is to the black middle class, the pensions provided by public employment are perhaps even more crucial...
View ArticleQuarterly Survey of Public Pensions: First Quarter 2016
Source: United States Census Bureau, G16-QSPP1, June 30, 2016 For the 100 largest public-employee pension systems in the country, assets (cash and investments) totaled $3,252.2 billion in the first...
View ArticlePreserving Retirement Income Security for Public Sector Employees
Source: Diane Oakley & Jennifer Erin Brown, National Institute on Retirement Security (NIRS), July 2016 From the summary: This report finds that nearly all state retirement systems have features...
View ArticleAn Overview of the Pension/OPEB Landscape
Source: Alicia H. Munnell and Jean-Pierre Aubry, Center for Retirement Research at Boston College, July 1, 2016 ….This paper provides a comprehensive accounting of pension and OPEB liabilities for...
View ArticlePublic Pension Funds Perform Better When They Keep Politics at Bay
Source: Simon C.Y. Wong, Harvard Business Review, July 19, 2016 ….Interference by elected officials — from imposition of local economic development obligations to excessive constraints on head count...
View ArticleState and Local Government Contributions to Statewide Pension Plans: FY 14
Source: National Association of State Retirement Administrators (NASRA), Issue Brief, July 2016 From the introduction: Pension benefits for employees of state and local government are paid from trusts...
View ArticleAn Explanation of Negative Swap Spreads: Demand for Duration from Underfunded...
Source: Sven Klingler – Copenhagen Business School, Suresh M. Sundaresan – Columbia Business School – Finance and Economics, July 27, 2016 From the abstract: In September 2008, the US swap spread...
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