How public sector employers are reducing their pension liabilities
Many are following the example of corporations by instituting defined contribution or hybrid plan options for new hires and by freezing their old plans.
Public pensions
Public pensions need to consider that beneficiaries are living longer
“Public pension plans continue to bury their heads in the sand living in a time warp of decades-old actuarial assumptions,” says a former Connecticut state treasurer.
New Jersey police, firefighters aggravate pensions mess
The massive shortfalls in public pension funds are the single biggest financial challenge for American’s states and cities.
Public pension doomsday clock stops as funds gain 15%
U.S. state and local governments have good reason to root for stocks to rebound from the crash.
Illinois ponders pension-fund moonshot: a $107 billion bond sale
Lawmakers in Illinois are so desperate to shore up the state’s massively underfunded retirement system that they’re willing to entertain an eye-popping wager.
Lower worker expectations on pension-plan promises
With many private and public pensions in the red, employees are advised to look for options that will improve their prospects, such Roth IRAs.
Benefits Think Retirement plan administrators need to look for missing participants
In order to avoid an audit, pension planners should conduct periodic audits for hard-to-find former employees.
Kenneth Ginder
Verrill Dana LLP
New math deals Minnesota’s pensions the biggest hit in the U.S.
Debt to states workers’ retirement system has soared by $33.4 billion, or $6,000 for every resident, courtesy of accounting rules.
Public pension returns barely broke even in fiscal 2016
Public pension fund investments returned only 0.6% on average in fiscal 2016,
