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80% Fundedness: An Excellent Example and The Usual Disappointments  

by meep

It’s been a couple of months since I last did an 80% fundedness myth round-up.

For those new to this feature here’s what’s going on:

• One often sees something of the nature saying that having a greater than 80% funded ratio for public pensions indicates the plan is “healthy”
• This is...

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Rhode Island Pensions: Let's Be A Happy Family!  

by meep

Rhode Island gets to be this week’s state pension to be highlighted because the state treasurer Seth Magaziner has this peachy keen idea.

I’ll let him make the case himself:

Seth Magaziner: R.I. must address sick pension plans

In recent years, Rhode Island’s financial position has improved dramatically. Our state liabilities have...

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Let's Make 80% Fundedness Great Again!  

by meep

It’s time for the first quarter of 2017 round up of our 80% pension funding heroes, villains, and just… meh.

But first, thanks to my referrers!

• Pension Tsunami – the grandaddy of all public pension blogs
• The Other McCain
• Benefits Link’s MEP page
• Retired Union Workers —...

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Why It's a Good Idea to Fully Fund Public Pensions  

by meep

I can’t believe I have to write this.

And yet, here we are.

I got started on this last month, when I learned of this paper: Funding Public Pensions: Is full pension funding a misguided goal?

Let me re-title it: “Funding Public Pensions: Is actually paying the promised benefits a misguided goal?”

There...

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Connecticut Pensions: Shuffling the Cards and Drawing to Ten High  

by meep

Okay, my poker metaphors could use work.

Last month, there was a deal made in Connecticut.

Malloy, Unions Reach Deal To Restructure Pension Payments

Tackling one of the state’s biggest problems, Gov. Dannel P. Malloy and state employee unions announced an agreement Friday to restructure pension payments in order to avoid continuing...

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The 80 Percent Funding End-of-Year Extravaganza!!!!!!  

by meep

Last year, I cried All I Want for Christmas is for the 80% Myth to DIE…ain’t it just the way, but I never did get my wish.

I also didn’t get socks or a tiara (and I didn’t get them this year, either).

But rather than have a tantrum as...

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Happy All Saints Day and Happy 80% Funding!  

by meep

Time for a round-up around busting my favorite myth: 80% Funding of Pensions is Saintly!

LET OUR HEROES SHINE!

This isn’t a new hero, but kudos nonetheless: thanks to Robert Fellner, Director of Transparency Research at the Nevada Policy Research Institute, for writing to the Wall...

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End-of-Summer 80% Pension Funding Extravaganza!  

by meep

Labor Day is around the corner, and we all know what that means:

That is a seriously weird gif. Let me try again:

Let’s just agree that all the animated gifs I could find tagged SALES are just…odd.

Anyway, it’s time to see which pensions are 20% off! And...

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Happy Friday: 80 Percent Funding Triple Play!  

by meep

First, thanks to my referrers: the mysterious facebook and LinkedIn linkers, plus:

• The Other McCain
• Pension Tsunami
• Wirepoints

And before I get into my find…let me promote some public pension-related posts.

AROUND THE PUBLIC PENSION BLOGOSPHERE

First, John Bury has been doing rankings and analyses of public...

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Happy Friday: A 80 Percent Funding Mythbusting Hero! Take a Bow, David Crane!  

by meep

I started a few posts in draft mode, but neither was particularly upbeat for a Friday post (pension fraud, Puerto Rico and/or Chicago updates), but I just came across a sentence that made me smile:

This explains why the so-called “80% rule,” a frequently mis-cited rule of thumb that pension funds...

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