-
Many are following the example of corporations by instituting defined contribution or hybrid plan options for new hires and by freezing their old plans.
July 24 -
“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.
June 18 -
The massive shortfalls in public pension funds are the single biggest financial challenge for American’s states and cities.
March 28 -
U.S. state and local governments have good reason to root for stocks to rebound from the crash.
February 6 -
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.
January 29 -
With many private and public pensions in the red, employees are advised to look for options that will improve their prospects, such Roth IRAs.
January 24 -
In order to avoid an audit, pension planners should conduct periodic audits for hard-to-find former employees.
December 21Verrill Dana LLP -
Debt to states workers’ retirement system has soared by $33.4 billion, or $6,000 for every resident, courtesy of accounting rules.
August 31 -
Public pension fund investments returned only 0.6% on average in fiscal 2016,
August 2