80 percent funding Category
At the Half: Updating the 80 Percent Funding Hall of Shame
by meep
No, I hadn’t been posting about the 80 percent funding hall of shame lately, but I have been updating my records.
Let’s see what I have through the first half of 2018!
THE STATS
Before I give you the new (and repeat) entrants, let’s check the numbers!
It’s been...
Mornings with Meep: On Seeking Truth and Not Lying
by meep
My weekly video wrap-up on the past week -- and I explain the connection between my interest in Yuri Dmitriev, my recent reading of Jordan Peterson, and the 80% pension funding myth. Yes ,really.Two Awful Tastes That Go Great Together: Pension Obligation Bonds and 80% Funding Myth
by meep
I thank my readers who emailed me these stories – (note: email me at marypat.campbell@gmail.com) – my normal news searches would have missed the crucial items.
I THINK IT’S A CONSPIRACY!!!Okay, maybe not, but there is some awfully suspicious...
The Fiscal State of Connecticut: Totally Screwed
by meep
And that’s the “aspirational” take.
Here’s the short version of the story. Back in December, the governor of Connecticut called forth a Commission to check out exactly how screwed Connecticut is in its finances.
March 1, they issued a draft report.
Conclusion: CT is very, very screwed.
Let's Ring Out the Year with the 80 Percent Funders!
by meep
And I’ve got some new heroes, too!
HOORAY FOR THE HEROES!
I’ve got one new one, and one old.
The new hero: William Petroski, Des Moines Register
Iowa lawmakers grill IPERS officials about public pension funding:
IPERS is currently 81.4 percent funded, which some Democratic elected officlals and...
Moving the Pension Funding Goalposts: 60 Percent is the New 80 Percent
by meep
This is not my quarterly 80% fundedness update. This is driven by an incredibly stupid thing said by a politician (of whom I have little expectation) and by someone who really should know better.
And it was in multiple news stories.
KANSAS, I DON’T THINK WE’RE SAFE
80% Pension Funding Hall of Shame, 2017Q3 Update
by meep
Party time!
Come on, guys…
ONE HERO
Short and sweet, from Greg David at Crain’s New York:
A good pension is fully funded at 100%.
A bad pension is also fully funded at 100%, but that’s okay. I’ll let the extraneous...
A New Category for the Public Pension Hall of Shame: Never Fully-Funders
by meep
I thought once might be a coincidence. But, unlike Auric Goldfinger, I will jump to conclusions of adverse intent with a sample of two: I have a new category for the 80% Hall of Shame, and it’s those who say public pensions never have to be fully-funded.
Hell,...
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...
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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17, Oct 2018
Tweets
meepbobeep
- @biggsag jeez, i could have told everybody that. t.co/y8Vi8YJJP6 Oct 17, 06:17 PM
- @gilgalanti @JeffJohnson_5th There is some of that, but for many of the plans in trouble, (such as in Illinois, Ken… t.co/W2SyfPl1Bc Oct 17, 12:40 PM
- @VRoa1001 @JeffJohnson_5th Yup. And it doesn't require -new- active members to pay for the retired members... if t… t.co/W0mrxyeDzf Oct 17, 12:39 PM
- @JeffJohnson_5th Yes, 30 years of each of the members' working lives. If a single person contributed over 30 years… t.co/Fr2U3DL1BI Oct 17, 06:24 AM
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