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Wisconsin Wednesday: Is Contribution Growth Moderate?  

by meep

Last week, we saw that Wisconsin Retirement System benefits had a very low growth, compared to other pensions.

So let’s consider the other side: is contribution growth moderate?

Yes.

via GIPHY

LOOKING DEEPER: WISCONSIN DOLLAR CONTRIBUTION

Okay, okay, that’s...

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Illinois Quickie: Pension Benefit Growth Rates  

by meep

Rather than paste this onto the Illinois post from earlier today, I’m giving this its own post.

How have pension benefits grown (in terms of cash flows) in Illinois?

First, there are 8 Illinois-based pension funds in the Public Plans Database. One of them, Chicago Municipal, has too little...

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Illinois Budget and Pension Buyout: Much Ado About Awful  

by meep

My taking apart of the shamtacularity of the new Illinois budget and its shamocity of pension buyouts.

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Wisconsin Wednesday: Is Benefit Growth Moderate?  

by meep

So I pointed out last week that supposedly pension benefits are adjusted up and down in the Wisconsin Retirement System.

Let’s see the official notes, and then let’s look at the real cash flows.

DESCRIPTION OF ANNUITY ADJUSTMENTS

Annual Annuity Adjustments for the Core Fund and Variable Fund:

How...

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Around the Pension-o-Sphere: State-Run Private Pensions, Vermonters as Insurers, and More  

by meep

Let’s hit it!

LAWSUIT AGAINST CALIFORNIA-RUN PRIVATE PENSIONS

LA Times: California created a savings program for workers without retirement benefits. A group is suing to kill it

A California anti-tax group is suing California Treasurer John Chiang as it tries to put the kibosh on a...

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Wisconsin Wednesday: Pew Research on Its Ability to Weather Bad Experience  

by meep

Continuing the look at the main Wisconsin pension plan — a risk-sharing plan that seems to have performed fairly well compared to other U.S. pensions.

Recently, a paper came out: Assessing the Risk of Fiscal Distress for Public Pensions: State Stress Test Analysis

Greg Mennis, Susan Banta, and David Draine

THE...

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California Crazy: Governance and Management Problems at Calpers  

by meep

I do not apologize for a lack of a Wednesday post… I had way too much fun at the spring meeting of the Actuarial Club of Hartford & Springfield, and evidently a few of those actuaries read this blog (howdy, y’all!)

Don’t worry – I will continue my look at...

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Senseless in Seattle: A Panoply of Stupidity  

by meep

Due to the power outage from Tuesday – Thursday at home, today’s Around the Pension-o-Sphere is getting preempted by something I noticed recently: multiple Seattle stories that touched on different topics I like to write about. [Also, I have internet access for only about a few minutes at a time,...

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Happy Pension News: Wisconsin State Pensions...a Beginning  

by meep

Before we begin, I will admit: I do not understand the Wisconsin State Pensions.

Mainly because I haven’t dug into them much. But because they are supposedly 100% funded due to their design, I’m going to actually take the trouble to start digging through them to try to...

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Around the Pension-o-Sphere: Kentucky Lawsuit, Crazy Calpers, MEPs, and More  

by meep

Let’s start out with some happy!

GIANT UNFUNDED LIABILITIES ARE A RIGHT-WING CONSPIRACY

Don’t panic about unfunded liabilities

One major talking point from the right is that “unfunded liabilities” for public pensions are a horrible problem.

First, remember that these are the same folks who destroyed...

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