Understanding the Argument for Market Valuation of Public Pension Liabilities
Source: Andrew G. Biggs, Kent A. Smetters, American Enterprise Institute, May 2013 From the summary: This paper first reviews how public pensions value their liabilities under current GASB rules. Next,...
View ArticleCalifornia and the Thorny Business of Cutting Current Public Workers’ Pensions
Source: Charles Chieppo, Governing, Better, Faster, Cheaper blog, October 2, 2013 …It’s true that some jurisdictions offer unsustainable pension benefits, and nearly every public retirement fund’s...
View ArticleHow Sensitive Is Public Pension Funding to Investment Returns?
Source: Alicia H. Munnell, Jean-Pierre Aubry and Josh Hurwitz, Center for Retirement Research at Boston College, Issue Brief, SLP#34, September 2013 The brief’s key findings are: - To assess the...
View ArticleThe State of State Pension Plans 2013: A Deep Dive into Shortfalls and Surpluses
Source: Rachel Barkley, Morningstar, October 2013 (registeration required) ….Despite the increased focus on pensions and their integral role in a government’s overall credit quality, pensions remain...
View ArticlePension Theft Crime Wave
Source: Mark Brenner, Labor Notes, October 21, 2013 …But the fact is that the crisis in funding for pensions, both private and public, is a manufactured one. It’s rooted in the Enron-style accounting...
View ArticleGauging the Burden of Public Pensions on Cities
Source: Alicia H. Munnell, Jean-Pierre Aubry, Josh Hurwitz and Mark Cafarelli, Center for Retirement Research at Boston College, SLP#35, November 2013 The brief’s key findings are: - Media stories...
View ArticleAn Analysis of the Treatment of Employee Pension and Wage Claims in...
Source: Paul Secunda, Marquette Law School Legal Studies Paper No. 13-21, November 6, 2013 From the abstract: To put the plight of the Detroit city employees into an international and comparative...
View ArticleThe Plot Against Pensions: The Pew–Arnold campaign to undermine America’s...
Source: David Sirota, Institute for America’s Future, September 2013 From the press release: The Institute for America’s Future released a new report authored by David Sirota (The Plot Against...
View ArticlePlatinum-Plated Pensions: The Retirement Fortunes of CEOs Who Want to Cut...
Source: Sarah Anderson and Scott Klinger, Institute for Policy Studies, Center for Effective Government, November 19, 2013 From the summary: In the current budget debate, the loudest calls for Social...
View ArticleJudges: The True Pension Referees in Bankruptcy Cases
Source: Frank Shafroth, Governing, November 2013 When a city is bankrupt, judges have a big say in whose bills will be paid. For now, all eyes are on Detroit and San Bernardino, Calif.
View ArticlePensions at a Glance 2013: Retirement-Income Systems in OECD and G20 Countries
Source: Organisation for Economic Co-operation and Development (OECD), ISBN Number: 978-92-64-20405-8, 2013 From the summary: This fifth edition of Pensions at a Glance provides a range of indicators...
View ArticlePublic Pension Funds and Assumed Rates of Return: An Empirical Examination of...
Source: Odd J. Stalebrink, American Review of Public Administration, vol. 44 no. 1, January 2014 (subscription required) From the abstract: This research adds to an existing body of research that...
View ArticleSetting the Pension Funding Target: Why Expected Return Matters
Source: Josh Shapiro and Cary Franklin, Benefits Magazine, Vol. 50 no. 11, November 2013 (subscription required) The authors describe two approaches to determining pension obligations and measuring how...
View ArticlePublic Fund Survey – Summary of Findings for FY 2012
Source: National Association of State Retirement Administrators and the National Council on Teacher Retirement, December 2013 …The primary source of Survey data is public retirement system annual...
View ArticleState conservative groups plan US-wide assault on education, health and tax
Source: Ed Pilkington and Suzanne Goldenberg, The Guardian, December 5, 2013 • State Policy Network co-ordinating plans across 34 US states • Strategy to ‘release residents from government dependency’...
View ArticleHow Did 2013 Treat Public Employees?
Source: Heather Kerrigan, Governing, December 11, 2013 …Positive or negative, there were four major issues facing state and local employees in 2013—public pensions, Obamacare, retiree health benefits...
View ArticleComparing Public-Versus-Private Sector Pay and Benefits: Examining Lifetime...
Source: Thom Reilly, Public Personnel Management, Vol. 42 no. 4, December 2013 (subscription required) From the abstract: The large unfunded liabilities surrounding public pensions in the United States...
View ArticleA Hard Lesson from Motown: They Will Steal Your Pension
Source: David Cay Johnston, Newsweek, December 4, 2013 …Courts, legislatures, and corporations are all working in concert not to pay the full benefits owed. For decades, political and business leaders...
View ArticleCan Pensions Be Restructured in (Detroit’s) Municipal Bankruptcy?
Source: David A. Skeel Jr., The Federalist Society, White Paper Series, October 2013 From the abstract: This paper, which was written as a White Paper for the Federalist Society, describes and assesses...
View ArticleViews on the Value of Voluntary Workplace Benefits: Findings from the 2013...
Source: Paul Fronstin, Ruth Helmanm Employee Benefit Research Institute (EBRI), EBRI Notes, Vol. 34, No. 11, November 2013 From the abstract: The Employee Benefit Research Institute (EBRI) has been...
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