Public Pensions Category
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:
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...
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
–...
More Hartford Woes: Too Many Property-Tax-Exempt Government Properties
by meep
Well, now that the incipient bankruptcy of Hartford is on the radar, what with Aetna moving its HQ, and other issues, all of a sudden it’s getting wider play.
For example, here’s a a piece from the WSJ. Let’s just look at the headline & subhed:
Hartford’s Finances Spotlight...
Kentucky Pensions Even Closer to the Brink: New Assumptions, New Report
by meep
In yesterday’s post, I ran one of Kentucky’s large pensions through the ringer. The info I had was Kentucky’s pension plan being at 22% funded.
But that was using fiscal year 2015 numbers.
There are new numbers, and it’s so much worse.
REPORT: WHY KENTUCKY PENSION...
Geeking Out: Testing Kentucky ERS to Death
by meep
I check out how Kentucky ERS runs out of money, and it's about as bad as Chicago MEABF.Houston and Dallas Pension Bills Signed: Now What?
by meep
It has been a time of deadlines (including my own at work), so a bunch of things hit at once.
So let’s hit it!
TEXAS GOVERNOR SIGNS BILLS
Both Dallas and Houston have police&fire pension troubles. The reasons for these troubles differ a little (and have different magnitudes), but...
Priorities for Pension Funds: Climate Change or Solvency?
by meep
It doesn’t have to be exclusive, to be sure.
But.
When I saw this:
W/out #ClimateChange reporting
SouthernCompany</a>, we’re investing blind. Investors: vote FOR proposal #6 tmrw. <a href="https://twitter.com/hashtag/EngageForChange?src=hash">#EngageForChange</a> <a href="https://twitter.com/hashtag/CorpGov?src=hash">#CorpGov</a></p>— CalPERS (CalPERS) May 23, 2017
This is just idiotic. This is far...
Not Even a Petite Bargain in Illinois Budget Wrangling
by meep
The deadline clock is ticking in the Illinois Legislature, but they’re about as serious as they ever are. I checked in about a month ago, and there had last been something signed in June 2016.
The deadline is supposedly May 31. We’ll see.
DEMOCRATS GO IT ALONE
Around the Pension-o-sphere: California, Chicago, and Valuation!
by meep
I’m gonna be lazy today and use other people’s stuff!
Before I begin, thanks to my linkers:
- Truth in Accounting – for info on public finance in general, as well as public pensions
- Also, State Data Lab – a project from Truth in Accounting, with #s on public finance. Check...
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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
The Random 3 Blogroll
The Other McCainLeo Kolivakis at Pension Pulse
Pension Tsunami by Jack Dean