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Pennsylvania Pensions: Liability Trends
by meep
We’ve looked at the assets, now it’s time for the liabilities. As mentioned before, I’m focusing only on the two largest pension funds in Pennsylvania — Pennsylvania School Employees and Pennsylvania State ERS.
LIABILITY GROWTH
Let’s just look at the full pension liability to begin with:
Nothing particularly weird, but note it keeps growing.
The CAGR (compound annual growth rate) of the pension liability (not the unfunded liability) from 2001...
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Mortality Monday: Cause of Death, 2014
by meep
I’m going to do something non-actuarial for a moment (or not-all-that-actuarial) and take a year’s worth of death records and slice them in odd ways.
As actuaries, we generally want to look at meaningful rates — mortality rate by age, sex, etc. — and sometimes incidence of cause tied to those...
Pennsylvania Pension Trends: Assets
by meep
As mentioned recently, Pennsylvania passed a ho-hum “reform” lately, so let’s see just how bad Pennsylvania pensions look.
If you go to the Public Plans Database page for Pennsylvania, there are four plans listed:
As you can see, info for the fourth one is incomplete, and the third is...
Illinois Financial Disaster: This is Fine
by meep
Fot those who don’t get the title:
:format(webp)/cdn.vox-cdn.com/uploads/chorus_image/image/49493993/this-is-fine.0.jpg)
But first, a toast to my linkers:
- Pension Tsunami – concentrating on public pensions
- Wirepoints – concentrating on Illinois & Chicago politics and finance
- Truth in Accounting – which specializes in public finance and accounting
- The Other McCain – an eclectic...
Illinois Budget Impasse: Now It's Serious -- Powerball and Mega Millions to Withdraw
by meep
Powerball, Mega Millions ending in Illinois due to budget impasse, lottery officials say
Lottery players will no longer be able to purchase Powerball or Mega Millions tickets in Illinois after the end of this month due to state lawmakers’ inability to pass a budget, lottery officials said Thursday.
“It is disappointing...
Pennsylvania Pensions: Nibbling at the Edges
by meep
So the Pennsylvania legislature and governor passed some sort of pension “reform” recently.
Let’s do a round up!
LINK DUMP
First, the news coverage:
- 5 June 2017: Senate passes transformative pension reform plan
- 8 June 2017: ‘Historic’ pension reform passes Pa. state house, heads to governor’s desk
–...
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22, Jun 2017
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- Pennsylvania Pensions: Liability Trends t.co/PM9Y3erMKK 5% growth per year for over a decade Jun 21, 06:00 PM
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