Pension changes challenged in California

California, which contains $550 billion to $750 billion of the nation’s total unfunded pension liabilities, will no longer see on November's ballot a bipartisan bill to curb public pensions. "Reed and DeMaio’s announcement marked the latest in a decade-long string of unsuccessful attempts to put a pension...

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Actuaries say public pensions underfunded by $5 trillion

According to a recent Forbes article, "almost no other pension plans in the world are allowed to use the kind of accounting that U.S. state and local plans can. Forbes writes that, "Corporate pension plans can’t discount their liabilities using the assumed return on investment. Nor can most...

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Pithy Video

This short video from the folks at teacherpensions.org does a superb job of explaining the basic issues at play in the ongoing debate over public sector pensions. This one focuses on public school teachers, but its points are applicable across the board....

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Risk Redux

The Wall Street Journal published an in-depth article in May 2016 on the pension risk issue. Read it here. ...

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